Shares of Rubrik Inc (NYSE:RBRK) came under pressure in early trading on Friday, despite the company reporting upbeat fiscal fourth-quarter results.
Here are the key analyst insights:
- Wedbush analyst Dan Ives maintained an Outperform, while slashing the price target from $120 to $90.
- Cantor Fitzgerald analyst Jonathan Ruykhaver reaffirmed an Overweight rating and price target of $85.
- Guggenheim Securities analyst John DiFucci reiterated a Buy rating and price target of $110.
Check out other analyst stock ratings.
Wedbush: Rubrik once again reported “massive beats,” driven by strong revenue, subscription ARR, and margins, Ives said in a note. Subscription ARR (annual recurring revenues) grew 34% year-on-year to $1.46 billion, topping Street expectations of $1.44 billion, he added.
Net new subscription …