Rubrik Analysts Increase Their Forecasts After Q1 Results
Portfolio Pulse from Avi Kapoor
Rubrik, Inc. (NYSE:RBRK) reported a year-over-year increase in Q1 sales and issued Q2 revenue guidance above estimates. Despite a quarterly loss, analysts have increased their price targets for the company.
June 12, 2024 | 12:16 pm
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Rubrik reported a year-over-year increase in Q1 sales and issued Q2 revenue guidance above estimates. Despite a quarterly loss, analysts have increased their price targets for the company.
Rubrik's strong Q1 sales growth and positive Q2 revenue guidance indicate robust business performance. The increase in price targets by analysts suggests confidence in the company's future prospects, likely leading to a positive short-term impact on the stock price.
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