KeyBanc Adjusts Rubrik (RBRK) PT to $95 Citing Valuation Multiples and Enterprise Spending Caution

On January 5, Barclays besides lowered the firm’s terms people connected Rubrik to $100 from $120, portion maintaining an Overweight standing connected the shares.

On the aforesaid day, Piper Sandler besides adjusted its outlook for Rubrik Inc. (NYSE:RBRK) and chopped the terms people to $99 from $118 portion maintaining an Overweight rating. The steadfast revised its valuation aggregate to 11x, down from 13x, citing year-over-year comparisons and insignificant estimation tweaks pursuing Rubrik’s 10-Q filing. Despite the little target, Piper Sandler reaffirmed the banal arsenic its apical wide pick, reflecting continued assurance successful the company’s 48% year-over-year gross maturation and its enactment successful AI-driven cyber resilience.

Earlier connected December 29, Stephens expert Todd Weller initiated sum of Rubrik with an Overweight standing and a $105 terms target, highlighting the company’s beardown maturation imaginable successful the information extortion and information markets. The steadfast noted that Rubrik’s expected borderline enlargement should efficaciously equilibrium its top-line gains, portion its unified level represents a disruptive departure from accepted bequest architectures.

Rubrik Inc. (NYSE:RBRK) provides information information solutions to individuals and businesses worldwide.

While we admit the imaginable of RBRK arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.