Cohesity's IPO Plans: Data security firm Cohesity is planning an initial public offering in 2026, aiming for a valuation that competes with its peer Rubrik, which is currently valued at $17 billion. The company recently merged with Veritas' data protection unit, becoming the largest data protection software provider with a 19% market share.
Financial Performance and Growth: Cohesity reported annual recurring revenue of $1.5 billion with a 28% adjusted profit margin for the year ending July 2024. The company is focused on profitable growth and leveraging AI technology, particularly through its partnership with Nvidia, to enhance its offerings and drive future expansion.
RBRK
$77.91+Infinity%1D
Analyst Views on RBRK
Wall Street analysts forecast RBRK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RBRK is 113.79 USD with a low forecast of 97.00 USD and a high forecast of 130.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
18 Analyst Rating
Wall Street analysts forecast RBRK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RBRK is 113.79 USD with a low forecast of 97.00 USD and a high forecast of 130.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
16 Buy
2 Hold
0 Sell
Strong Buy
Current: 79.890
Low
97.00
Averages
113.79
High
130.00
Current: 79.890
Low
97.00
Averages
113.79
High
130.00
Citi
Fatima Boolani
Buy
downgrade
$117 -> $115
2025-12-08
Reason
Citi
Fatima Boolani
Price Target
$117 -> $115
2025-12-08
downgrade
Buy
Reason
Citi analyst Fatima Boolani lowered the firm's price target on Rubrik to $115 from $117 and keeps a Buy rating on the shares. The firm updated the company's model post the earnings report.
Guggenheim
Buy
maintain
$108 -> $110
2025-12-05
Reason
Guggenheim
Price Target
$108 -> $110
2025-12-05
maintain
Buy
Reason
Guggenheim raised the firm's price target on Rubrik to $110 from $108 and keeps a Buy rating on the shares after the company reported "a very strong" fiscal Q3 with accelerating growth of Net New Subscription ARR, while Q4 guidance was "well above the Street."
Baird
Shrenik Kothari
maintain
$120 -> $130
2025-12-05
Reason
Baird
Shrenik Kothari
Price Target
$120 -> $130
2025-12-05
maintain
Reason
Baird analyst Shrenik Kothari raised the firm's price target on Rubrik to $130 from $120 and keeps an Outperform rating on the shares. The firm updated its model following its blowout Q2 results and where its platform appears to be set up for a solid Q4 fiscal 2027.
BMO Capital
Outperform -> NULL
downgrade
$110 -> $105
2025-12-05
Reason
BMO Capital
Price Target
$110 -> $105
2025-12-05
downgrade
Outperform -> NULL
Reason
BMO Capital lowered the firm's price target on Rubrik to $105 from $110 and keeps an Outperform rating on the shares. The company reported upside to key metrics, including net new subscription ARR of $95N vs. consensus of $69M, while the management highlighted strong early traction in the company's new identity resilience solution, as well as continued momentum in adoption of security capabilities, though the firm is reducing its price target to reflect broader sector multiple compression, the analyst tells investors in a research note.
About RBRK
Rubrik, Inc. is a cloud data management company. The Company has developed Zero Trust Data Security platform. It helps organizations achieve business resilience against cyberattacks, malicious insiders, and operational disruptions. Its Rubrik Security Cloud (RSC) secures data across enterprise, cloud, and software-as-a-service (SaaS) application. RSC detects, analyzes, and remediates data security risks and unauthorized user activities. It has developed a proprietary machine learning and artificial intelligence-based data threat monitoring and management engine to surface anomalous activities and indicators of data breaches. In addition, the Company offers Ruby for artificial intelligence (AI) data defense and recovery. Ruby is designed to help customers scale their data security operations with automation, boosting productivity, and bridging the users’ skills gap.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
