3 days ago
Rubrik, Inc. Class A (RBRK) Receives a Buy from Citi
In a report released on June 27, Fatima Boolani from Citi maintained a Buy rating on Rubrik, Inc. Class A (RBRK – Research Report), with a price target of $117.00. The company's shares closed last Friday at $87.38.
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Boolani covers the Technology sector, focusing on stocks such as Cloudflare, Check Point, and Fortinet. According to TipRanks, Boolani has an average return of 21.1% and a 66.38% success rate on recommended stocks.
Rubrik, Inc. Class A has an analyst consensus of Strong Buy, with a price target consensus of $111.06, which is a 27.10% upside from current levels. In a report released on June 25, Robert W. Baird also maintained a Buy rating on the stock with a $110.00 price target.
RBRK market cap is currently $16.91B and has a P/E ratio of -30.76.
Based on the recent corporate insider activity of 118 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RBRK in relation to earlier this year. Earlier this month, Enrique Salem, a Director at RBRK sold 700,000.00 shares for a total of $63,763,000.00.
