Rubrik Inc. shares reached a record $106.65 on Thursday, extending a multi-month rally that has pushed the cyber-resilience firm’s market value to $19.8 billion.
The stock’s 13.88% gain over the past year includes an 85% advance since February and a 26% rise year-to-date, outpacing broader software benchmarks. Trading within 1% of its 52-week peak, Rubrik’s rally coincides with a wave of analyst upgrades ahead of its second-quarter fiscal 2027 earnings report.
Guggenheim Securities maintained its Buy rating and raised its price target to $110, forecasting Rubrik will exceed consensus estimates for subscription and total revenue. The firm also anticipates third-quarter total revenue above Street expectations and an upward revision to fiscal 2027 revenue growth guidance.
Cantor Fitzgerald lifted its target to $120, citing improved partner checks with a significant portion of partners tracking ahead of plan. Oppenheimer raised its target to $120 as well, pointing to strong demand signals from value-added resellers. Rosenblatt increased its target to $105 while maintaining a Buy rating, highlighting robust demand for Rubrik’s cyber-resilience solutions in the second quarter.
Scotiabank raised its target to $114, emphasizing the company’s strategic positioning to benefit from AI preparedness spending. The upgrades follow a period of heightened analyst scrutiny, with InvestingPro analysis flagging Rubrik as among the most overvalued stocks relative to its Fair Value estimate.
Rubrik is scheduled to report second-quarter fiscal 2027 results in the coming weeks, with investors focused on revenue growth trends and margin performance amid a competitive cybersecurity landscape.
