Rosenblatt Securities raised its price target on Rubrik Inc (NYSE: RBRK) to $105 from $95 on Tuesday, citing sustained demand for the company’s data protection and identity resilience solutions.
The stock last traded at $92.65, leaving it roughly 13% below Rosenblatt’s new target. The firm maintained a Buy rating on Rubrik shares. The upgrade follows a broader upward revision cycle among Wall Street analysts, with Guggenheim, Cantor Fitzgerald, Oppenheimer, Scotiabank and Goldman Sachs all maintaining Buy ratings and price targets ranging from $106 to $120.
Rosenblatt also projected Rubrik’s second-quarter fiscal 2027 revenue to grow at least 28% year-over-year to $397 million, driven by a 29% increase in subscription revenue. The firm modeled annual recurring revenue growth of 31% for the quarter, compared with Rubrik’s reported 32% ARR growth in the first quarter.
Rubrik has outperformed its guidance in recent periods, beating the mid-point by 5.8% in the first quarter and 8.9% over the trailing twelve months. The company reported gross profit margins of 80.58% over the last twelve months and 45.73% revenue growth year-over-year.
Rubrik is scheduled to release its second-quarter fiscal 2027 results after market close on August 27, with the quarter ending July 31. InvestingPro data shows 18 analysts have revised earnings estimates upward for the period.
The broader analyst consensus remains strongly bullish, with a Wall Street average rating of 1.11, indicating a Strong Buy across covered firms.
