Rubrik, Inc. (NYSE:RBRK) Given Consensus Rating of “Buy” by Brokerages

Rubrik, Inc. (NYSE:RBRK) has earned an average recommendation of “Buy” from the fifteen ratings firms that are currently covering the firm, MarketBeat reports. Fourteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $45.33.

Several research firms have issued reports on RBRK. Truist Financial initiated coverage on Rubrik in a research note on Monday, May 20th. They set a “buy” rating and a $43.00 target price for the company. Guggenheim reaffirmed a “buy” rating and set a $48.00 target price on shares of Rubrik in a research note on Tuesday, June 25th. Wells Fargo & Company started coverage on shares of Rubrik in a research note on Monday, May 20th. They issued an “overweight” rating and a $42.00 price target on the stock. Robert W. Baird assumed coverage on Rubrik in a report on Monday. They issued an “outperform” rating and a $42.00 price objective on the stock. Finally, KeyCorp raised their price target on shares of Rubrik from $46.00 to $48.00 and gave the company an “overweight” rating in a research report on Wednesday, June 12th.

Rubrik Stock Up 1.3 %

Shares of NYSE RBRK opened at $34.29 on Tuesday. The firm has a 50-day simple moving average of $32.38. Rubrik has a 52 week low of $28.34 and a 52 week high of $40.00.

Rubrik (NYSE:RBRK) last released its earnings results on Tuesday, June 11th. The company reported ($11.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.88) by ($0.59). The business had revenue of $187.32 million for the quarter, compared to analyst estimates of $171.60 million. As a group, equities research analysts predict that Rubrik will post -7.68 EPS for the current fiscal year.

Hedge Funds Weigh In On Rubrik

A hedge fund recently bought a new stake in Rubrik stock. Register Financial Advisors LLC bought a new stake in Rubrik, Inc. (NYSE:RBRK) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 7,400 shares of the company’s stock, valued at approximately $227,000.

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.