Rubrik's Q1 revenue rose 38%, and Barclays raised price target to $42, implying a 19.49% upside.
Rubrik (NYSE:RBRK) raised its price target to $42.00 from $41.00, with Barclays maintaining an "overweight" rating on the stock, implying a potential upside of 19.49% from its current price. The company reported a 38% increase in Q1 revenue to $187.3 million and issued second-quarter revenue guidance above estimates. Analysts at Cibc World Mkts, Goldman Sachs, Citigroup, and Wells Fargo & Company have also issued positive comments and upgraded Rubrik's rating.
June 11, 2024
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