Professional
Added to YB: 2024-06-13
Pitch date: 2024-06-12
RBRK [bullish]
Rubrik, Inc.
+168.86%
current return
Author Info
No bio for this author
Company Info
Rubrik, Inc. provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, SaaS data protection solutions, and identity provider services protection; data threat analytics; data security posture; and cyber recovery solutions.
Market Cap
$17.0B
Pitch Price
$32.76
Price Target
47.00 (-47%)
Dividend
N/A
Sector
Software
Category
growth
Rubrik, Inc.: Strong Performance and Conservative Guidance (Citi)
RBRK impresses in public debut: 38% YoY rev growth, 45%+ YoY sub ARR (Cloud +100% YoY), narrowing losses. Q2/FY guide ahead. Citi reaffirms Buy, ups PT to $47 on 9-10x target multiple. Room for continued beats given conservative guide (raise < beat). Cloud and large deals picking up.
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