CIBC Begins Coverage on Rubrik (NYSE:RBRK)

CIBC started coverage on shares of Rubrik (NYSE:RBRK) in a research note released on Tuesday, Benzinga reports. The brokerage issued an outperformer rating and a $50.00 price target on the stock.

RBRK has been the subject of a number of other research reports. Wells Fargo & Company assumed coverage on shares of Rubrik in a report on Monday. They set an overweight rating and a $42.00 price objective for the company. Wedbush assumed coverage on shares of Rubrik in a report on Monday. They set an outperform rating and a $50.00 price objective for the company. BMO Capital Markets assumed coverage on shares of Rubrik in a report on Monday. They set a market perform rating and a $40.00 price objective for the company. Citigroup assumed coverage on shares of Rubrik in a research note on Monday. They issued a buy rating and a $46.00 target price for the company. Finally, Truist Financial assumed coverage on shares of Rubrik in a research note on Monday. They issued a buy rating and a $43.00 target price for the company. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Rubrik presently has an average rating of Buy and a consensus target price of $44.92.

Rubrik Price Performance

RBRK opened at $32.73 on Tuesday. Rubrik has a fifty-two week low of $31.96 and a fifty-two week high of $40.00.

Rubrik Company Profile

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.