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Stock impact report

Barclays Cuts Rubrik (RBRK) PT to $100 While Maintaining Overweight Rating [Yahoo! Finance]

Rubrik, Inc. Class A (RBRK) 
Company Research Source: Yahoo! Finance
target on Rubrik to $100 from $120, while maintaining an Overweight rating on the shares. On the same day, Piper Sandler lowered the firm's price target on Rubrik to $99 from $118, while keeping an Overweight rating on the shares. The firm reaffirmed its stance on the stock as a top overall pick, despite making minor downward adjustments to its financial estimates. These changes were prompted by a detailed review of the company's recent 10-Q filing disclosures. Rubrik Inc. (NYSE:RBRK) was also initiated by Stephens analyst Todd Weller with an Overweight rating and $105 price target on December 29. Weller highlighted the company's compelling growth potential within the data protection and security markets and noted that the projected margin expansion is expected to support its strong revenue performance. The firm specifically pointed to Rubrik's unified platform as a disruptive leap forward that challenges and replaces traditional legacy architectures. Earlier on December 8, Citi Show less Read more
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