In This Article:
Barclays raised the firm’s price target on Rubrik (RBRK) to $51 from $42 and keeps an Overweight rating on the shares ahead of the earnings report on December 5. The firm thinks the shared setup is “solid” given positive data points from a resellers and industry commentary, and improving annual recurring revenue contribution margin. The analyst sees Rubrik continuing on its path to breakeven.
Don't Miss our Black Friday Offers:
-
Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
-
Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on RBRK: