Movement Alert｜Rubrik Inc. Intraday Rise 5.29% in Regular Trading, Wedbush Raises Price Target to 150

Market Focus10-26 22:22

On October 26, Rubrik Inc. rose 5.29% in Regular Trading, trading at $135.385 per share, with turnover of $124 million.

The move coincided with Wedbush raising its price target on the company to $150 from $120 while maintaining an Outperform rating, highlighting Rubrik Inc. as a leading independent data resilience platform and pointing to an improving long-term profitability and cash flow profile.

According to the note, surveys indicate Rubrik Inc. is viewed as one of the strongest independent data resilience platforms in the market. Wedbush expects the company to sustain roughly 20% annual compound growth through fiscal 2029, with margins and cash flow improving steadily. That follows earlier operating momentum, including better-than-expected quarterly results and raised guidance disclosed in late August, which had reinforced the company’s AI-driven cyber resilience growth narrative.

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