'Well-Positioned' Rubrik Faces $34-Billion Cybersecurity Opportunity: 2 Analysts Bullish After IPO
Portfolio Pulse from Priya Nigam
Rubrik Inc (NYSE:RBRK) has garnered positive attention from multiple analysts following its IPO, with bullish ratings and high price targets. Analysts highlight Rubrik's potential to disrupt the legacy backup and recovery market and expand its total addressable market significantly due to its advanced cybersecurity features.
May 20, 2024 | 7:47 pm
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Rubrik Inc (NYSE:RBRK) has received bullish ratings from Goldman Sachs, Wedbush, and KeyBanc Capital Markets, with price targets ranging from $46 to $50. Analysts highlight Rubrik's potential to disrupt the legacy backup and recovery market and expand its total addressable market significantly due to its advanced cybersecurity features.
The positive analyst ratings and high price targets indicate strong confidence in Rubrik's market potential and growth prospects. The company's advanced cybersecurity features and potential to disrupt the legacy backup market are key factors driving this optimism.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100