Piper Sandler raised the firm’s price target on Rubrik (RBRK) to $87 from $83 and keeps an Overweight rating on the shares. The firm says the market continues to underestimate Rubrik’s market momentum and cloud-transition, as Cloud ARR exits the year at 67% growth and 80% of Total ARR, which despite the guidance raise vs. prior, makes guidance still well-setup for beat-and-raises throughout FY26 despite the volatile macro.
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Read More on RBRK:
- Rubrik price target raised to $80 from $76 at Wells Fargo
- Rubrik, Inc.: Strong Financial Performance and Promising Outlook Drive Buy Rating
- Rubrik, Inc. Reports Strong Q4 and FY 2025 Growth
- Closing Bell Movers: DocuSign up 9% on better than expected Q4 results
- Rubrik jumps 15% to $63.50 after Q4 results, above-consensus guidance
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