BTIG initiated coverage of Rubrik (NYSE:RBRK) with a Buy recommendation on March 20, 2026. The average one-year price target for Rubrik is $107.67 per share, indicating a potential upside of 118.52% from its latest closing price of $49.27.
Projected annual revenue for Rubrik is $1.059 billion, reflecting a decrease of 19.54%. Institutional ownership has increased by 3.55% over the last three months, with 568 funds reporting positions in Rubrik, despite a 23.14% decrease in the number of owners during the last quarter. The put/call ratio for Rubrik is 0.27, suggesting a bullish market outlook.
