BMO Capital raised the firm’s price target on Rubrik (RBRK) to $77 from $72 and keeps an Outperform rating on the shares. The company posted solid results across the board, driven by broad-based demand and an expanding product portfolio, also reporting net new subscription annual recurring revenue – ARR -growth that accelerated from last quarter, with free cash flow results that were “particularly strong”, the analyst tells investors in a research note. The firm sees “upside tension” to its FY26 net new subscription ARR and free cash flow estimates, BMO added.
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Read More on RBRK:
- Rubrik, Inc.: Strong Financial Performance and Promising Outlook Justify Buy Rating
- Rubrik price target lowered to $82 from $87 at KeyBanc
- Rubrik price target raised to $87 from $83 at Piper Sandler
- Rubrik price target raised to $80 from $76 at Wells Fargo
- Rubrik, Inc.: Strong Financial Performance and Promising Outlook Drive Buy Rating
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