Rubrik (NYSE:RBRK) Price Target Raised to $47.00 at Citigroup

Rubrik (NYSE:RBRK) had its target price raised by Citigroup from $46.00 to $47.00 in a research note released on Thursday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Cibc World Mkts raised shares of Rubrik to a strong-buy rating in a research report on Tuesday, May 21st. The Goldman Sachs Group started coverage on Rubrik in a research report on Monday, May 20th. They issued a buy rating and a $48.00 target price for the company. Capital One Financial started coverage on Rubrik in a research note on Monday, May 20th. They set an overweight rating and a $42.00 price target on the stock. Wells Fargo & Company began coverage on Rubrik in a research note on Monday, May 20th. They issued an overweight rating and a $42.00 price objective for the company. Finally, Cantor Fitzgerald restated an overweight rating and set a $50.00 target price on shares of Rubrik in a research report on Wednesday, June 12th. Thirteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Buy and a consensus price target of $45.57.

Rubrik Stock Performance

Shares of NYSE:RBRK opened at $32.50 on Thursday. Rubrik has a twelve month low of $29.24 and a twelve month high of $40.00.

About Rubrik

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.