Rubrik Inc’s shares surged to an all-time high of $106.65 on Thursday, extending a year-to-date gain of 26% and a six-month advance of 85%, as multiple analysts raised price targets and maintained buy ratings ahead of the company’s second-quarter earnings release for fiscal 2027.
The cloud data management firm’s market capitalization now exceeds $19 billion, with the stock trading within 1% of its 52-week high. Analysts at Guggenheim, Cantor Fitzgerald, Oppenheimer, Rosenblatt and Scotiabank all revised their price targets upward, citing strong demand for Rubrik’s cyber-resilience solutions and expectations for revenue outperformance.
Guggenheim maintained its buy rating and forecast that Rubrik would surpass consensus estimates for subscription and total revenue in the quarter. The firm also projected that management would guide third-quarter revenue above market expectations and raise its fiscal 2027 revenue growth outlook. Cantor Fitzgerald raised its target to $120, attributing the move to improved performance among partner metrics, while Oppenheimer lifted its target to the same level on signs of robust demand from value-added resellers.
Rosenblatt raised its price target to $105, citing strong demand for cyber-resilience solutions in the second quarter, and maintained a buy rating. Scotiabank set its target at $114, highlighting Rubrik’s strategic positioning to capture spending tied to artificial intelligence preparedness. The stock has gained 13.88% over the past 12 months.
InvestingPro, which tracks valuation metrics, flagged Rubrik as among the most overvalued stocks in its coverage universe relative to its fair-value estimate.
