Rubrik price target raised to $82 from $75 at Mizuho

Mizuho analyst Gregg Moskowitz raised the firm’s price target on Rubrik (RBRK) to $82 from $75 and keeps an Outperform rating on the shares after hosting meetings with management. The company emphasized the strength of its integrated data platform and its ability to deliver best-in-class cyber resiliency, 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 materially separate from most vendors. It cites the recent appreciation in comp multiples for the target increase.