DA Davidson Forecasts Strong Price Appreciation for Rubrik (NYSE:RBRK) Stock

Key Points

• DA Davidson raised Rubrik’s price target to $115 from $90 and maintained a Buy rating, implying 19.43% upside from the prior close. The broader analyst consensus is a Moderate Buy with a $109.58 target.
• Rubrik reported stronger-than-expected quarterly results, with EPS of $0.20 versus the $0.04 estimate and revenue of $427.26 million, up 43.9% year over year. Management also issued fiscal 2027 guidance above Wall Street expectations.
• Despite the earnings beat and raised outlook, shares fell 10% to $96.29, reflecting investor concerns about valuation and high expectations. Insiders sold about $27.2 million of stock over the last quarter, while institutional investors own 49.54% of shares.

Rubrik (NYSE:RBRK - Get Free Report) had its target price raised by DA Davidson from $90.00 to $115.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. DA Davidson's target price would suggest a potential upside of 19.43% from the company's previous close.

Other research analysts have also recently issued research reports about the company. BMO Capital Markets raised their target price on Rubrik from $98.00 to $115.00 and gave the company an "outperform" rating in a research note on Friday. UBS Group reiterated a "buy" rating and issued a $106.00 price target on shares of Rubrik in a research report on Wednesday, August 19th. BTIG Research upped their price target on shares of Rubrik from $109.00 to $125.00 and gave the company a "buy" rating in a report on Friday. Weiss Ratings reissued a "sell (d-)" rating on shares of Rubrik in a report on Wednesday, June 24th. Finally, Piper Sandler restated an "overweight" rating on shares of Rubrik in a research report on Friday. Twenty-nine analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $109.58.

Rubrik Stock Down 10.0%

RBRK traded down $10.73 during trading on Friday, reaching $96.29. The stock had a trading volume of 3,439,062 shares, compared to its average volume of 3,732,297. The firm has a market capitalization of $19.82 billion, a price-to-earnings ratio of -66.41 and a beta of 1.17. Rubrik has a 1-year low of $42.25 and a 1-year high of $107.91. The stock has a 50 day moving average of $84.48 and a two-hundred day moving average of $67.25.

Rubrik (NYSE:RBRK - Get Free Report) last issued its quarterly earnings results on Thursday, August 27th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.16. The firm had revenue of $427.26 million for the quarter, compared to analyst estimates of $396.30 million. During the same quarter last year, the business posted ($0.03) earnings per share. The firm's revenue for the quarter was up 43.9% compared to the same quarter last year. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. On average, research analysts forecast that Rubrik will post -1.13 EPS for the current fiscal year.

Insider Activity

In other Rubrik news, Director Yvonne Wassenaar sold 721 shares of the company's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $75.00, for a total transaction of $54,075.00. Following the completion of the sale, the director directly owned 3,917 shares of the company's stock, valued at approximately $293,775. This represents a 15.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ravi Mhatre sold 3,979 shares of the firm's stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $83.10, for a total transaction of $330,654.90. Following the completion of the transaction, the director owned 125,351 shares of the company's stock, valued at approximately $10,416,668.10. The trade was a 3.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 324,844 shares of company stock worth $27,172,526. 13.66% of the stock is owned by company insiders.

Institutional Investors Weigh In On Rubrik

Hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System grew its position in Rubrik by 8,477.0% during the 2nd quarter. California State Teachers Retirement System now owns 14,781,716 shares of the company's stock worth $1,186,676,000 after purchasing an additional 14,609,375 shares in the last quarter. Norges Bank purchased a new stake in shares of Rubrik in the fourth quarter valued at $345,907,000. First Trust Advisors LP boosted its position in shares of Rubrik by 42.8% in the fourth quarter. First Trust Advisors LP now owns 7,064,057 shares of the company's stock worth $540,259,000 after buying an additional 2,116,272 shares during the period. Pictet Asset Management Holding SA grew its holdings in shares of Rubrik by 104.1% during the first quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company's stock valued at $162,572,000 after buying an additional 1,696,342 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Rubrik by 12.9% in the 4th quarter. Vanguard Group Inc. now owns 14,694,503 shares of the company's stock worth $1,123,836,000 after acquiring an additional 1,678,255 shares in the last quarter. Hedge funds and other institutional investors own 49.54% of the company's stock.

Rubrik News Summary

Here are the key news stories impacting Rubrik this week:

• Positive Sentiment: Strong earnings beat: Rubrik reported adjusted EPS of $0.20, well above the $0.04 consensus and the prior-year loss of $0.03. Revenue rose 43.9% year over year to $427.26 million, exceeding estimates of $396.30 million. Rubrik Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Raised outlook exceeded expectations: Management issued third-quarter EPS guidance of $0.07–$0.09 and revenue guidance of $429 million–$431 million, above consensus estimates. Full-year fiscal 2027 EPS guidance of $0.47–$0.53 and revenue guidance of approximately $1.7 billion also exceeded Wall Street forecasts. Rubrik Tumbles Despite Strong Q2 Results and Guidance
• Positive Sentiment: Analysts raised targets: BTIG increased its target from $109 to $125 and maintained a Buy rating. KeyCorp raised its target from $112 to $120 with an Overweight rating, while BMO lifted its target from $98 to $115 and assigned an Outperform rating. Cantor Fitzgerald reaffirmed Overweight with a $120 target. Analyst Ratings and Price Targets
• Positive Sentiment: Profitability arrived earlier than expected: Coverage highlighted Rubrik’s EPS beat and improving profitability, reinforcing investor optimism around subscription growth, recurring revenue and AI-driven demand. Rubrik Q2 2027 Earnings
• Neutral Sentiment: Rubrik appointed Rakefet Russak-Aminoach to its board, expanding the board to nine members. The appointment adds experienced financial and technology leadership but is not expected to materially change near-term results. Rubrik Appoints New Director
• Negative Sentiment: The stock initially fell after the report despite the beat and raised guidance, suggesting that investors had already priced in strong execution or were concerned about valuation and high expectations. Analysts and investors are continuing to examine the earnings-call details and subscription metrics. Rubrik Stock Is Falling After Earnings

About Rubrik

Rubrik, Inc is a cloud data management and security company that delivers a unified platform for data protection, disaster recovery, compliance and intelligent data governance. Its flagship offering, the Rubrik Security Cloud, enables organizations to automate backup and recovery workflows across on-premises, edge and multi-cloud environments. By combining policy-driven orchestration with real-time threat detection, Rubrik helps clients guard against ransomware, ensure business continuity and enforce data retention requirements.

The company's platform supports a range of services including backup and restore, long-term data archiving, replication, and disaster recovery as a service (DRaaS).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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