Rubrik (NYSE:RBRK) Upgraded to “Strong-Buy” by Baird R W

Baird R W upgraded shares of Rubrik (NYSE:RBRK) to a strong-buy rating in a research note released on Monday morning, Zacks.com reports.

RBRK has been the topic of a number of other research reports. KeyCorp upped their price target on shares of Rubrik from $46.00 to $48.00 and gave the company an overweight rating in a research note on Wednesday, June 12th. The Goldman Sachs Group assumed coverage on Rubrik in a research report on Monday, May 20th. They issued a buy rating and a $48.00 target price on the stock. Truist Financial initiated coverage on Rubrik in a report on Monday, May 20th. They set a buy rating and a $43.00 price target for the company. Wells Fargo & Company initiated coverage on Rubrik in a report on Monday, May 20th. They issued an overweight rating and a $42.00 price objective on the stock. Finally, CIBC started coverage on Rubrik in a report on Tuesday, May 21st. They set an outperformer rating and a $50.00 target price for the company. Fourteen investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Rubrik currently has an average rating of Buy and a consensus price target of $45.33.

Rubrik Stock Up 2.2 %

Shares of NYSE RBRK opened at $34.75 on Monday. Rubrik has a 12 month low of $28.34 and a 12 month high of $40.00. The business’s 50 day simple moving average is $32.40.

Rubrik (NYSE:RBRK) last released its quarterly earnings data on Tuesday, June 11th. The company reported ($11.47) EPS for the quarter, missing analysts’ consensus estimates of ($10.88) by ($0.59). The business had revenue of $187.32 million for the quarter, compared to analysts’ expectations of $171.60 million. On average, research analysts expect that Rubrik will post -7.68 EPS for the current year.

Hedge Funds Weigh In On Rubrik

A hedge fund recently bought a new stake in Rubrik stock. Register Financial Advisors LLC purchased a new position in shares of Rubrik, Inc. (NYSE:RBRK) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 7,400 shares of the company’s stock, valued at approximately $227,000.

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.