Stephens Reiterates Buy Rating on Rubrik, Inc.
Stephens maintains a buy rating on Rubrik, Inc. with a $90 price target, a 28.17% upside from the current price.
Key Points
- Stephens reiterated its buy rating on Rubrik, Inc. (NYSE:RBRK) with a $90 price target on June 15, 2026.
- Stephens's $90 price target implies 28.17% upside from Rubrik, Inc.'s ($RBRK) current $70.22 share price.
- Rubrik shares traded at $68.19, with a market cap of $14 billion and a forward P/E of 105.4.
- Insiders including CTO Arvind Nithrakashyap bought shares, while analysts maintain strong buy consensus.
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On June 15, 2026, Stephens reiterated its buy rating on Rubrik, Inc. (NYSE:RBRK), setting a price target of $90. This follows a series of similar affirmations from other analysts, highlighting ongoing confidence in the company's performance.
What Changed in Stephens' Rubrik Position
Stephens' analyst Todd Weller maintained his buy rating for Rubrik, Inc., emphasizing a positive outlook with a target price of $90. This reflects steady confidence in the company's potential to reach this valuation.
Other Institutional Activity in Rubrik
BlackRock, Inc. reduced its holdings in Rubrik by 2,899,865 shares, leaving it with 8,816,816 shares valued at about $431.8 million. In contrast, FMR LLC increased its stake by 2,989,531 shares to 8,261,391 shares, worth approximately $404.6 million. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both established positions with 8,029,608 and 6,555,111 shares, respectively, while First Trust Advisors LP trimmed its holdings by 2,168,342 shares, resulting in 4,895,715 shares.
Rubrik, Inc. Stock Down 24.5%
Shares of NYSE:RBRK traded near $68.19. Rubrik, Inc. has a market cap of $14 billion and a forward P/E ratio of 105.4, indicating high growth expectations. The stock has a 52-week low of $42.25 and a high of $99.75. Its 50-day moving average is $61.05, while the 200-day moving average is $67.58. The company maintains a current ratio of 1.74 and a quick ratio of 1.53, suggesting solid liquidity.
$RBRK price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Rubrik reported revenue of $1.42 billion, growing by 39%. Despite this, the company posted a negative net margin of 20.3%, reflecting ongoing challenges in achieving profitability. The next earnings report is expected on September 8, 2026.
Insider Buying and Selling at Rubrik, Inc.
Several insiders, including Chief Technology Officer Arvind Nithrakashyap, purchased shares on June 3, 2026, with Nithrakashyap acquiring 12,820 shares. Other notable purchases include 3,709 shares each by Asheem Chandna, Mark McLaughlin, Ravi Mhatre, and Richard Scott Herren. These transactions were not part of planned sales. Conversely, Yvonne Wassenaar sold 721 shares at an average price of $80.73 under a planned sale.
Analysts Set New Price Targets
On June 15, 2026, Stephens & Co. reiterated its buy rating with a $90 price target. Earlier in June, Cantor Fitzgerald and Wedbush also reiterated buy ratings with targets of $95 and $90, respectively. The consensus among 28 analysts remains a strong buy, with an average target price of $95.50.
About Rubrik, Inc.
Rubrik, Inc. is a technology company based in Palo Alto, California. It specializes in providing data security solutions, including enterprise and cloud data protection, SaaS protection, and cyber recovery solutions. The company serves various sectors such as finance, healthcare, and technology. Led by CEO Bipul Sinha, Rubrik employs around 3,797 people and has strategic collaborations, like with MEDITECH for cyber resilience solutions.
Bottom Line
Stephens' reaffirmation of its buy rating on Rubrik, Inc. underscores continued confidence in the company's growth potential. The stock's high forward P/E suggests strong expectations, though profitability remains a challenge. Institutional and insider activities reflect varied strategies, while analysts maintain an optimistic outlook, as seen in the consensus strong buy rating.
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