Wedbush Reiterates Rating on Rubrik, Inc. $RBRK
Key Points
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Wedbush reiterated its rating on Rubrik, Inc. ($RBRK) to a "buy" rating in a recent research note and set a price target of $90, a 28.96% upside from the current price.
Rubrik, Inc. Stock Down 25.0%
Shares of Rubrik, Inc. ($RBRK) traded around $69.79 on Saturday, down 25.0% for the day.
Rubrik, Inc. Earnings
Analysts Set New Price Targets
About Rubrik, Inc.
Rubrik, Inc. provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, SaaS data protection solutions, and identity provider services protection; data threat analytics; data security posture; identity recovery and resilience services; and cyber recovery solutions. It also provides RUBY, an AI agent for cyber resilience designed to scale data security operations through automation; SENTRYAI, a proprietary AI deep learning-based platform for system health monitoring; and RUBRIK UNIVERSITY, which includes instructor-led training with hands-on labs, on-demand e-learning courses, and certification exams, as well as offers cloud services. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, services, and public sectors. Rubrik, Inc. has strategic collaboration with MEDITECH to offer native cyber resilience to MEDITECH self-hosted cloud and on-premises solutions. Rubrik, Inc. was formerly known as Scaledata, Inc. and changed its name to Rubrik, Inc. in October 2014. The company was incorporated in 2013 and is based in Palo Alto, California.
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