Mar. 20 at 11:41 AM
$RBRK Rubrik initiated with a Buy at BTIG
BTIG initiated coverage of Rubrik with a Buy rating and
$64 price target. Several durable tailwinds should support elevated revenue growth over the next few years, says the analyst, who calls Rubrik an "underappreciated AI driven growth story." Looking to FY27, Street estimates call for ARR growth of 25.5% and in an upside scenario the firm thinks Rubrik could grow closer to 29% this year, the analyst added.