Rubrik price target raised to $85 from $70 at Cantor Fitzgerald

Cantor Fitzgerald raised the firm’s price target on Rubrik (RBRK) to $85 from $70 and keeps an Overweight rating on the shares. Rubrik has performed well since its April 2024 IPO, and its differentiated data resilience offering, steady top and bottom-line improvements, and broader industry tailwinds should propel the company to a strong fiscal 2026, the analyst tells investors in a research note. The firm’s channel checks reflect the strength of Rubrik’s platform, and Cantor expects Rubrik to continue capturing a significant share of an increasing number of deals.