Rubrik (NYSE:RBRK) Earns “Buy” Rating from Guggenheim

Guggenheim reiterated their buy rating on shares of Rubrik (NYSE:RBRK) in a research report released on Tuesday, Benzinga reports. Guggenheim currently has a $48.00 price objective on the stock.

Several other research analysts have also issued reports on the company. Barclays boosted their target price on Rubrik from $41.00 to $42.00 and gave the company an overweight rating in a research report on Wednesday, June 12th. Truist Financial initiated coverage on Rubrik in a research report on Monday, May 20th. They set a buy rating and a $43.00 target price on the stock. CIBC began coverage on shares of Rubrik in a research report on Tuesday, May 21st. They issued an outperformer rating and a $50.00 price objective on the stock. Mizuho assumed coverage on Rubrik in a research note on Monday, May 20th. They set a buy rating and a $46.00 target price on the stock. Finally, Wedbush restated an outperform rating and set a $50.00 price target on shares of Rubrik in a research note 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 has a consensus rating of Buy and an average price target of $45.57.

Rubrik Stock Performance

NYSE RBRK opened at $30.65 on Tuesday. The firm’s 50 day moving average is $32.68. Rubrik has a fifty-two week low of $28.34 and a fifty-two week high of $40.00.

Rubrik Company Profile

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.