Rubrik (NYSE:RBRK) Receives New Coverage from Analysts at Wedbush

Analysts at Wedbush began coverage on shares of Rubrik (NYSE:RBRK) in a research report issued to clients and investors on Monday, MarketBeat.com reports. The brokerage set an “outperform” rating and a $50.00 price target on the stock. Wedbush’s price objective would suggest a potential upside of 36.72% from the company’s current price.

A number of other equities analysts have also issued reports on the company. BMO Capital Markets started coverage on Rubrik in a research report on Monday. They issued a “market perform” rating and a $40.00 target price on the stock. Mizuho began coverage on Rubrik in a research note on Monday. They issued a “buy” rating and a $46.00 price target for the company. Truist Financial began coverage on Rubrik in a report on Monday. They issued a “buy” rating and a $43.00 price objective for the company. The Goldman Sachs Group initiated coverage on Rubrik in a report on Monday. They issued a “buy” rating and a $48.00 price objective for the company. Finally, Guggenheim initiated coverage on Rubrik in a report on Monday. They set a “buy” rating and a $48.00 target price for the company. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Rubrik currently has an average rating of “Moderate Buy” and a consensus target price of $45.00.

Rubrik Stock Performance

Rubrik stock opened at $36.57 on Monday. Rubrik has a one year low of $31.96 and a one year high of $40.00.

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.