From Nasdaq: 2024-09-17 17:41:18

Rubrik is a rising star in data management and cybersecurity, achieving unicorn status quickly and going public with an IPO priced at $32 per share, now valued at $5.7 billion, despite a 17% dip. With revenue growth of 35% to $205 million in the latest quarter and a focus on data security, Rubrik is positioned for success.

Analysts predict Rubrik’s revenue to grow by 27.5% in fiscal 2026, with strategic partnerships in place like the one with Microsoft to enhance data security. Wall Street maintains a “strong buy” rating on Rubrik stock, expecting a potential upside of around 40% in the next 12 months with an average price target of $44.75.

Rubrik’s financials indicate growth potential, with a product suite addressing crucial data protection needs. As a high-growth AI tech stock, it’s ideal for investors willing to take risks and hold long-term. Analysts are bullish on Rubrik, with a consensus that it will remain a key player in the tech industry.



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