Rubrik, Inc. (RBRK) recently reported strong Q4 earnings, beating analyst estimates with a loss of $0.61 per share compared to the expected $0.80. Revenue came in at $258.10 million, a 47% year-over-year increase, and the company provided positive guidance for Q1, expecting a smaller loss than anticipated. This positive news led to a significant stock price surge of 25.7% on the day of the report.
The stock's recent price action shows strong upward momentum, with the price closing at $70.8 on March 24. The technical indicators suggest continued bullish momentum, but there is a risk of short-term consolidation or pullback after the sharp rise.
Based on the strong earnings report, positive guidance, and current technical indicators, the stock is expected to continue its upward trend in the next trading week. However, investors should be cautious of potential short-term volatility and consider the broader market sentiment.
Predicted Price Range: $72.50 - $75.00
Recommendation: Buy on dips with a target of $75.00 and a stop-loss at $68.00.
The price of RBRK is predicted to go up 0%, based on the high correlation periods with RVYL. The similarity of these two price pattern on the periods is 96.06%.
RBRK
RVYL
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Price Target
$76 → $80
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+14.27%
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