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Mizuho Keeps Neutral on Rubrik (RBRK) Despite Strong Quarterly Results

Rubrik, Inc. (NYSE:RBRK) is one of the AI Stocks In The Spotlight For Investors. On September 10, Mizuho analyst Gregg Moskowitz reiterated a Neutral rating on the stock with a 97.00pricetarget.TheneutralratingcomesdespiteRubriksstrongquarterlyresults.Accordingtothecompany,thecompanyssubscriptionannualrecurringrevenuegrew3697.00 price target. The neutral rating comes despite Rubrik’s strong quarterly results. According to the company, the company’s subscription annual recurring revenue grew 36% from last year, better than Street forecasts of 33%. Net new subscriptions were 71 million, up 12% but a slower growth than the 23% improvement in the previ ...