Rubrik price target raised to $68 from $47 at Mizuho

Mizuho raised the firm’s price target on Rubrik (RBRK) to $68 from $47 and keeps an Outperform rating on the shares. The company reported a better than expected Q3 and increased fiscal 2025 guidance for revenue, earnings and free cash flow, the analyst tells investors in a research note. The firm believes Rubrik’s focus on protecting and operationalizing data, along with “best-in-class” ransomware defenses, have enabled it to significantly separate from most vendors.