Friday’s trading saw a 2.1% increase in Rubrik, Inc. (NYSE: RBRK – Get Free Report) as a result of Citigroup increasing their price objective for the shares from $46.00 to $47.00. At the moment, Citigroup rates the stock as a buy. Rubrik’s price ranged from $31.78 to $31.76 at its most recent exchange. Trading saw the trading of about 594,733 shares, a 55% decrease from the daily average of 1,325,810 shares. The previous close of the stock was $31.11.
RBRK has been the focus of several further research studies. On Tuesday, May 21, CIBC began covering Rubrik in a research report. They gave the company a $50.00 price target and an “outperformer” rating. On Monday, May 20, Guggenheim began covering Rubrik in a research report. They set a price target of $48.00 for the firm and gave it a “buy” rating. On Monday, May 20, the Goldman Sachs Group began covering Rubrik in a research report. They set a price target of $48.00 for the firm and gave it a “buy” rating. On Tuesday, May 21st, Cibc World Markets upgraded Rubrik to a “strong-buy” rating in a research report. At last, on Monday, May 20, Capital One Financial began covering Rubrik in a research report. They gave the business an “overweight” rating and a $42.00 price target. One equity research analyst gave the stock a strong buy rating, while thirteen other analysts gave the stock a buy rating. The stock has an average target price of $45.57 and an average recommendation of “buy,” according to data from MarketBeat.com.
Rubrik, Inc. offers data security solutions to people and companies all over the world. The company provides data security posture, data threat analytics, enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions, as well as cyber recovery solutions. It benefits the public sector as well as the financial, retail, trade, energy, transportation, industrial, healthcare, and life sciences sectors.
