Reported 1 day ago
Mizuho analyst Gregg Moskowitz has reiterated a Neutral rating on Rubrik, Inc. (NYSE:RBRK) despite the company reporting strong quarterly results, including a 36% increase in subscription annual recurring revenue. Guided by its focus on data security and ransomware solutions, Rubrik's cloud subscriptions surged 57% year-over-year. However, the analyst considers the stock fairly valued given its impressive 200% increase since its 2024 IPO and recent 51% rise this year.
Source: YAHOO