Wedbush Reiterates “Outperform” Rating for Rubrik (NYSE:RBRK)

Wedbush reissued their outperform rating on shares of Rubrik (NYSE:RBRK) in a research note published on Wednesday, Benzinga reports. They currently have a $50.00 price objective on the stock.

A number of other research firms have also weighed in on RBRK. CIBC initiated coverage on shares of Rubrik in a research note on Tuesday, May 21st. They issued an outperformer rating and a $50.00 price objective for the company. Cantor Fitzgerald initiated coverage on shares of Rubrik in a research note on Friday, May 31st. They issued an overweight rating and a $50.00 price objective for the company. KeyCorp lifted their price objective on shares of Rubrik from $46.00 to $48.00 and gave the company an overweight rating in a research note on Wednesday. Mizuho initiated coverage on shares of Rubrik in a report on Monday, May 20th. They issued a buy rating and a $46.00 price target for the company. Finally, Wells Fargo & Company initiated coverage on shares of Rubrik in a report on Monday, May 20th. They issued an overweight rating and a $42.00 price target for the company. Thirteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Rubrik presently has a consensus rating of Buy and a consensus price target of $45.57.

Rubrik Price Performance

Rubrik stock opened at $32.50 on Wednesday. Rubrik has a 1-year low of $29.24 and a 1-year high of $40.00.

About Rubrik

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.