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Cantor Fitzgerald Reaffirms Overweight on Rubrik (RBRK) With $115 Price Target

Rubrik, Inc. (NYSE:RBRK) is one of the AI Stocks on Wall Street’s Radar. On September 10, Cantor Fitzgerald analyst Jonathan Ruykhaver reiterated an Overweight rating and 115.00pricetargetthestock.TheratingaffirmationfollowsRubriksrobustsecondquarterresultswhichsurpassedestimatesacrossanumberofmetrics.Italsoaddedanestimated115.00 price target the stock. The rating affirmation follows Rubrik’s robust second-quarter results which surpassed estimates across a number of metrics. It also added an estimated 71 million in net new annual recurring revenue (NNARR), outperforming consensus estimates. Ruykhaver is optimistic about the stock, citing cloud adoption ...