Rubrik: Very Compelling Buy Post-IPO, Tremendous Growth At A Great Price
Rubrik shares have moved very little since going public in April at $32 per share. Rubrik's focus on data resilience sets it apart from competitors in the cybersecurity market, and it addresses a large $56 billion global TAM. Despite operating losses, Rubrik's rapid growth and high-margin recurring revenue stream suggest a path towards profitability.
Rubrik: Cybersecurity IPO That Hasn't Overheated
Rubrik, Inc. recently completed an IPO and just reported strong initial quarterly results, focusing on subscription revenues for data security. Despite concerns over costs, Rubrik's subscription ARR is growing rapidly, with a forecasted total addressable market of $53 billion by 2027. The stock is cheap, trading just above the IPO price, and only trades at ~7x forward sales targets.
Rubrik tipped for growing demand for data security - analyst
Wedbush has initiated coverage on Rubrik Inc with an outperform rating and a $50 price target. Analysts highlighted Rubrik's leading position in data security and cyber resiliency, particularly through its flagship product, Rubrik Security Cloud (RSC).
Rubrik Stock Flat Despite New Bullish Coverage
Rubrik Inc (NYSE:RBRK) stock is up 0.2% to trade at $36.63 at last check, reversing earlier losses after six firms initiated bullish coverage.
