Rubrik (NYSE:RBRK) Earns “Overweight” Rating from Cantor Fitzgerald

Cantor Fitzgerald reiterated their overweight rating on shares of Rubrik (NYSE:RBRK) in a research note issued to investors on Friday morning, Benzinga reports. They currently have a $50.00 price target on the stock.

Several other brokerages have also recently commented on RBRK. Citigroup upped their target price on shares of Rubrik from $46.00 to $47.00 and gave the company a buy rating in a research report on Thursday, June 13th. CIBC started coverage on shares of Rubrik in a research report on Tuesday, May 21st. They set an outperformer rating and a $50.00 target price for the company. KeyCorp upped their target price 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. Barclays upped their price objective on shares of Rubrik from $41.00 to $42.00 and gave the company an overweight rating in a research report on Wednesday, June 12th. Finally, Mizuho began coverage on shares of Rubrik in a research report on Monday, May 20th. They issued a buy rating and a $46.00 price objective for the company. Thirteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Rubrik has an average rating of Buy and a consensus target price of $45.57.

Rubrik Stock Performance

Shares of Rubrik stock opened at $28.65 on Friday. Rubrik has a 52 week low of $28.34 and a 52 week 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.