Rubrik (NYSE:RBRK) Stock Price Up 2.1% Following Analyst Upgrade

Rubrik, Inc. (NYSE:RBRK) was up 2.1% on Friday after Citigroup raised their price target on the stock from $46.00 to $47.00. Citigroup currently has a buy rating on the stock. Rubrik traded as high as $31.78 and last traded at $31.76. Approximately 594,733 shares were traded during trading, a decline of 55% from the average daily volume of 1,325,810 shares. The stock had previously closed at $31.11.

RBRK has been the topic of a number of other reports. Mizuho started coverage on Rubrik in a report on Monday, May 20th. They set a “buy” rating and a $46.00 price objective on the stock. Wedbush reissued an “outperform” rating and set a $50.00 price objective on shares of Rubrik in a report on Wednesday. Truist Financial started coverage on Rubrik in a report on Monday, May 20th. They set a “buy” rating and a $43.00 price objective on the stock. Deutsche Bank Aktiengesellschaft started coverage on Rubrik in a report on Monday, May 20th. They set a “buy” rating and a $42.00 price objective on the stock. Finally, KeyCorp raised their price objective on Rubrik from $46.00 to $48.00 and gave the company an “overweight” rating in a report on Wednesday. Thirteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $45.57.

Rubrik Stock Up 4.5 %

Rubrik Company Profile

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.