Rubrik price target raised to $78 from $70 at Barclays

Barclays analyst Saket Kalia raised the firm’s price target on Rubrik (RBRK) to $78 from $70 and keeps an Overweight rating on the shares. as part of a 2025 outlook for the security, design, and vertical-specific software spaces. The four names Barclays likes for 2025 are Adobe (ADBE), Autodesk (ADSK), nCino (NCNO), and Varonis Systems (VRNS). These names could see either an improving backdrop, artificial intelligence opportunities, and/or margin stories in 2025, the analyst tells investors in a research note.