Rosenblatt upgraded Rubrik (RBRK) to Buy from Neutral with a $77 price target ahead of the company reporting Q4 on March 13. The firm expects in-line to marginally better results in Q4 and notes that since the firm’s initiation report on December 16 the stock has declined about 25%. The firm remains comfortable with its growth forecast and Rubrik’s “strong product position” in a growing total addressable market, the analyst added.
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