Rubrik Receives Buy Rating from BTIG with $64 Price Target
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 17 hours ago
0mins
Should l Buy RBRK?
Source: seekingalpha
- Positive Market Outlook: BTIG analyst Gray Powell initiated coverage on Rubrik with a Buy rating and a $64 price target, anticipating several durable tailwinds that will support revenue growth in the coming years, reflecting strong market expectations for cybersecurity demand.
- Rising Cyber Attacks: Powell noted that ransomware and wiper attack volumes have surged sharply in recent years, and this trend is expected to continue, leading to increased emphasis on backup and data protection as critical components of enterprise security architecture, thereby driving demand for Rubrik's solutions.
- Industry Leadership: Rubrik is frequently described by industry contacts as the most aggressive and innovative vendor in the space, with significant market share gains over the past three years, demonstrating the company's robust position in the competitive cybersecurity landscape.
- AI as a Growth Driver: Powell believes that artificial intelligence will serve as a tailwind for Rubrik rather than a headwind, with the company targeting a 25%-26% subscription ARR growth for fiscal 2027 as it expands its identity and AI platforms.
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Analyst Views on RBRK
Wall Street analysts forecast RBRK stock price to rise
20 Analyst Rating
19 Buy
1 Hold
0 Sell
Strong Buy
Current: 50.920
Low
95.00
Averages
111.22
High
130.00
Current: 50.920
Low
95.00
Averages
111.22
High
130.00
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.
Rubrik Receives Buy Rating from BTIG with $64 Price Target
- Positive Market Outlook: BTIG analyst Gray Powell initiated coverage on Rubrik with a Buy rating and a $64 price target, anticipating several durable tailwinds that will support revenue growth in the coming years, reflecting strong market expectations for cybersecurity demand.
- Rising Cyber Attacks: Powell noted that ransomware and wiper attack volumes have surged sharply in recent years, and this trend is expected to continue, leading to increased emphasis on backup and data protection as critical components of enterprise security architecture, thereby driving demand for Rubrik's solutions.
- Industry Leadership: Rubrik is frequently described by industry contacts as the most aggressive and innovative vendor in the space, with significant market share gains over the past three years, demonstrating the company's robust position in the competitive cybersecurity landscape.
- AI as a Growth Driver: Powell believes that artificial intelligence will serve as a tailwind for Rubrik rather than a headwind, with the company targeting a 25%-26% subscription ARR growth for fiscal 2027 as it expands its identity and AI platforms.
See More
Key Wall Street Rating Updates on Friday
- Nvidia Rating Reaffirmed: Wolfe maintains Nvidia as an outperform, stating that with the stock priced at just 13x their bull case EPS, it is too cheap to ignore, potentially attracting more investor interest.
- Arm Upgrade: HSBC upgrades Arm from reduce to buy, highlighting its strong positioning in the AI sector, suggesting that its transition to a major AI server CPU player presents a significant undervaluation opportunity for investors.
- Apple App Store Revenue Slowdown: Morgan Stanley reiterates Apple as overweight, noting that App Store revenue growth decelerated to 6% YoY in Q1 2023, falling short of the expected 8%, indicating market caution regarding Apple's future growth prospects.
- Oneok Upgrade: Jefferies upgrades Oneok from hold to buy, citing tangible upside potential in the current market environment, particularly as geopolitical tensions in the Middle East raise crude oil price risks.
See More
Rubrik Launches Data Protection for Google Workspace
- Unified Cyber Resilience Platform: Rubrik has launched a data protection solution for Google Workspace, aimed at providing comprehensive protection across data, identity, and AI for over 11 million enterprise users, significantly reducing the risk of data loss and operational disruptions.
- Rapid Recovery Capability: The new platform accelerates operational recovery times from days to minutes, ensuring that businesses can quickly return to normal operations after cyberattacks or errors, thereby enhancing overall business continuity.
- Logical Air-Gap Protection: Rubrik offers immutable air-gapped backups for Gmail and Google Drive, ensuring data security during attacks, while automated policy-driven SLAs meet strict recovery time objectives (RTO) and recovery point objectives (RPO).
- Industry Recognition: Rubrik has been recognized as a Leader in the Gartner® Magic Quadrant™ for Enterprise Backup and Recovery Software Solutions for two consecutive years, with over 6,600 customers globally trusting its platform, highlighting its leadership and market impact in data security.
See More
Rubrik Unveils New MSP Program and Innovations for Cyber Resilience
- Market Opportunity: The global MSP market for data protection is projected to reach $258 billion by 2027, and Rubrik's new program is designed to help partners capture this rapidly growing market opportunity by providing flexible pricing and platform capabilities that enhance their competitiveness in data protection and cyber recovery services.
- Innovative Economic Model: Rubrik's PayGo model removes upfront investment barriers, allowing partners to start with zero minimums and transition to contractual scale as they grow, thereby lowering market entry thresholds and enhancing profitability.
- Enhanced Response Capability: Rubrik offers 24/7 expert support to ensure rapid restoration from last known good points during cyber incidents, thereby strengthening enterprise cyber resilience and ensuring business continuity.
- Certification System: The Rubrik Verified™ designation, set to launch in Summer 2026, aims to recognize MSPs with verified operational maturity, reducing buyer friction in enterprise evaluations and enhancing customer trust.
See More
Rubrik and Rackspace Launch UK Sovereign Cyber Recovery Cloud
- New Solution Launch: Rubrik and Rackspace Technology have jointly launched the UK Sovereign Cyber Recovery Cloud, specifically designed for the UK public sector and regulated workloads, aiming to provide a ransomware recovery solution that enhances data security.
- Secure Data Environment: The platform offers a dedicated 'clean room' environment entirely within UK borders, ensuring that all hardware, data, and admin access are isolated from foreign influence, thereby boosting client confidence in data protection.
- Management Authority Assurance: David Kosman, Vice President of Global Managed Service Providers at Rubrik, emphasized that the solution focuses not only on where data is stored but also on who has the authority to protect and restore it, which will enhance client reliance on the service.
- Optimistic Market Outlook: Rubrik anticipates a 25%-26% growth in subscription annual recurring revenue (ARR) by fiscal 2027, indicating strong growth potential in expanding identity and AI platforms.
See More
Rackspace and Rubrik Launch UK Sovereign Cyber Recovery Cloud
- Cyber Recovery Solution: The UK Sovereign Cyber Recovery Cloud, launched by Rackspace and Rubrik, aims to protect and restore public sector and regulated workloads within hours of a cyber attack, significantly enhancing enterprise cyber resilience.
- Compliance and Automation: This solution aligns with the National Cyber Security Centre's Cyber Assessment Framework, leveraging advanced automation to reduce recovery times from days to hours, ensuring rapid response to cyber threats.
- Data Sovereignty Assurance: By maintaining all hardware, data, and administrative access within the UK, the solution guarantees operational and data sovereignty, shielding organizations from foreign influence and strengthening the foundation of trust.
- Continuous Monitoring Capability: Rackspace's security operations center employs Rubrik technology to monitor SaaS cloud and on-premises applications around the clock, ensuring anomalies are detected and addressed promptly, thereby enhancing overall cybersecurity defenses.
See More
Rubrik Receives Buy Rating from BTIG with $64 Price Target
- Positive Market Outlook: BTIG analyst Gray Powell initiated coverage on Rubrik with a Buy rating and a $64 price target, anticipating several durable tailwinds that will support revenue growth in the coming years, reflecting strong market expectations for cybersecurity demand.
- Rising Cyber Attacks: Powell noted that ransomware and wiper attack volumes have surged sharply in recent years, and this trend is expected to continue, leading to increased emphasis on backup and data protection as critical components of enterprise security architecture, thereby driving demand for Rubrik's solutions.
- Industry Leadership: Rubrik is frequently described by industry contacts as the most aggressive and innovative vendor in the space, with significant market share gains over the past three years, demonstrating the company's robust position in the competitive cybersecurity landscape.
- AI as a Growth Driver: Powell believes that artificial intelligence will serve as a tailwind for Rubrik rather than a headwind, with the company targeting a 25%-26% subscription ARR growth for fiscal 2027 as it expands its identity and AI platforms.
See More
Key Wall Street Rating Updates on Friday
- Nvidia Rating Reaffirmed: Wolfe maintains Nvidia as an outperform, stating that with the stock priced at just 13x their bull case EPS, it is too cheap to ignore, potentially attracting more investor interest.
- Arm Upgrade: HSBC upgrades Arm from reduce to buy, highlighting its strong positioning in the AI sector, suggesting that its transition to a major AI server CPU player presents a significant undervaluation opportunity for investors.
- Apple App Store Revenue Slowdown: Morgan Stanley reiterates Apple as overweight, noting that App Store revenue growth decelerated to 6% YoY in Q1 2023, falling short of the expected 8%, indicating market caution regarding Apple's future growth prospects.
- Oneok Upgrade: Jefferies upgrades Oneok from hold to buy, citing tangible upside potential in the current market environment, particularly as geopolitical tensions in the Middle East raise crude oil price risks.
See More
Rubrik Launches Data Protection for Google Workspace
- Unified Cyber Resilience Platform: Rubrik has launched a data protection solution for Google Workspace, aimed at providing comprehensive protection across data, identity, and AI for over 11 million enterprise users, significantly reducing the risk of data loss and operational disruptions.
- Rapid Recovery Capability: The new platform accelerates operational recovery times from days to minutes, ensuring that businesses can quickly return to normal operations after cyberattacks or errors, thereby enhancing overall business continuity.
- Logical Air-Gap Protection: Rubrik offers immutable air-gapped backups for Gmail and Google Drive, ensuring data security during attacks, while automated policy-driven SLAs meet strict recovery time objectives (RTO) and recovery point objectives (RPO).
- Industry Recognition: Rubrik has been recognized as a Leader in the Gartner® Magic Quadrant™ for Enterprise Backup and Recovery Software Solutions for two consecutive years, with over 6,600 customers globally trusting its platform, highlighting its leadership and market impact in data security.
See More
Rubrik Unveils New MSP Program and Innovations for Cyber Resilience
- Market Opportunity: The global MSP market for data protection is projected to reach $258 billion by 2027, and Rubrik's new program is designed to help partners capture this rapidly growing market opportunity by providing flexible pricing and platform capabilities that enhance their competitiveness in data protection and cyber recovery services.
- Innovative Economic Model: Rubrik's PayGo model removes upfront investment barriers, allowing partners to start with zero minimums and transition to contractual scale as they grow, thereby lowering market entry thresholds and enhancing profitability.
- Enhanced Response Capability: Rubrik offers 24/7 expert support to ensure rapid restoration from last known good points during cyber incidents, thereby strengthening enterprise cyber resilience and ensuring business continuity.
- Certification System: The Rubrik Verified™ designation, set to launch in Summer 2026, aims to recognize MSPs with verified operational maturity, reducing buyer friction in enterprise evaluations and enhancing customer trust.
See More
Rubrik and Rackspace Launch UK Sovereign Cyber Recovery Cloud
- New Solution Launch: Rubrik and Rackspace Technology have jointly launched the UK Sovereign Cyber Recovery Cloud, specifically designed for the UK public sector and regulated workloads, aiming to provide a ransomware recovery solution that enhances data security.
- Secure Data Environment: The platform offers a dedicated 'clean room' environment entirely within UK borders, ensuring that all hardware, data, and admin access are isolated from foreign influence, thereby boosting client confidence in data protection.
- Management Authority Assurance: David Kosman, Vice President of Global Managed Service Providers at Rubrik, emphasized that the solution focuses not only on where data is stored but also on who has the authority to protect and restore it, which will enhance client reliance on the service.
- Optimistic Market Outlook: Rubrik anticipates a 25%-26% growth in subscription annual recurring revenue (ARR) by fiscal 2027, indicating strong growth potential in expanding identity and AI platforms.
See More
Rackspace and Rubrik Launch UK Sovereign Cyber Recovery Cloud
- Cyber Recovery Solution: The UK Sovereign Cyber Recovery Cloud, launched by Rackspace and Rubrik, aims to protect and restore public sector and regulated workloads within hours of a cyber attack, significantly enhancing enterprise cyber resilience.
- Compliance and Automation: This solution aligns with the National Cyber Security Centre's Cyber Assessment Framework, leveraging advanced automation to reduce recovery times from days to hours, ensuring rapid response to cyber threats.
- Data Sovereignty Assurance: By maintaining all hardware, data, and administrative access within the UK, the solution guarantees operational and data sovereignty, shielding organizations from foreign influence and strengthening the foundation of trust.
- Continuous Monitoring Capability: Rackspace's security operations center employs Rubrik technology to monitor SaaS cloud and on-premises applications around the clock, ensuring anomalies are detected and addressed promptly, thereby enhancing overall cybersecurity defenses.
See More
