Rubrik (NYSE:RBRK) Given “Buy” Rating at Guggenheim

Rubrik (NYSE:RBRK)‘s stock had its “buy” rating reiterated by investment analysts at Guggenheim in a research report issued on Tuesday, Benzinga reports. They presently have a $48.00 price target on the stock. Guggenheim’s target price would suggest a potential upside of 61.34% from the stock’s current price.

RBRK has been the topic of several other reports. Truist Financial began coverage on shares of Rubrik in a research report on Monday, May 20th. They issued a “buy” rating and a $43.00 price objective on the stock. Wells Fargo & Company initiated coverage on Rubrik in a report on Monday, May 20th. They set an “overweight” rating and a $42.00 target price for the company. Cibc World Mkts raised shares of Rubrik to a “strong-buy” rating in a research report on Tuesday, May 21st. Barclays lifted their price objective on shares of Rubrik from $41.00 to $42.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 12th. Finally, Citigroup increased their target price on shares of Rubrik from $46.00 to $47.00 and gave the stock a “buy” rating in a research report on Thursday, June 13th. Thirteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $45.57.

Rubrik Price Performance

NYSE:RBRK opened at $29.75 on Tuesday. The firm has a fifty day moving average price of $32.73. Rubrik has a 1-year low of $28.34 and a 1-year high of $40.00.

About Rubrik

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.