Rubrik Inc (NYSE:RBRK), which raised around $736 million in an April 25 IPO that was 20X oversubscribed, has witnessed high volatility in its share price.
Goldman Sachs On Rubrik: Analyst Kash Rangan initiated coverage with a Buy rating and $48 price target.
Rubrik is poised to disrupt “the decades-old, legacy-dominated $11B+ Backup and Recovery market,” which has historically been a low innovation space, Rangan said in the initiation note. “Versus competitors, Rubrik’s Zero Trust Design, threat intelligence engine, consumer-grade UI, and prompt recovery times stood out in customer conversations,” he wrote.
Given the rising frequency and sophistication of cyberattacks, Rubrik will add more security features to its platform, which could see the company competing directly for security …
Full story available on Benzinga.com
Rubrik Inc (NYSE:RBRK), which raised around $736 million in an April 25 IPO that was 20X oversubscribed, has witnessed high volatility in its share price.
Goldman Sachs On Rubrik: Analyst Kash Rangan initiated coverage with a Buy rating and $48 price target.
Rubrik is poised to disrupt “the decades-old, legacy-dominated $11B+ Backup and Recovery market,” which has historically been a low innovation space, Rangan said in the initiation note. “Versus competitors, Rubrik’s Zero Trust Design, threat intelligence engine, consumer-grade UI, and prompt recovery times stood out in customer conversations,” he wrote.
Given the rising frequency and sophistication of cyberattacks, Rubrik will add more security features to its platform, which could see the company competing directly for security …
Full story available on Benzinga.com
Rubrik Inc (NYSE:RBRK), which raised around $736 million in an April 25 IPO that was 20X oversubscribed, has witnessed high volatility in its share price.
Goldman Sachs On Rubrik: Analyst Kash Rangan initiated coverage with a Buy rating and $48 price target.
Rubrik is poised to disrupt “the decades-old, legacy-dominated $11B+ Backup and Recovery market,” which has historically been a low innovation space, Rangan said in the initiation note. “Versus competitors, Rubrik’s Zero Trust Design, threat intelligence engine, consumer-grade UI, and prompt recovery times stood out in customer conversations,” he wrote.
Given the rising frequency and sophistication of cyberattacks, Rubrik will add more security features to its platform, which could see the company competing directly for security …Full story available on Benzinga.com Read MoreAnalyst Color, Cybersecurity, Eric Heath, Expert Ideas, Goldman Sachs, Kash Rangan, KeyBanc Capital Markets, RBRK, Stories That Matter, Taz Koujagi, Wedbush, Price Target, Initiation, IPOs, Top Stories, Analyst Ratings, Tech, Trading Ideas, RBRK, Analyst Color, Price Target, Initiation, IPOs, Top Stories, Analyst Ratings, Tech, Trading Ideas, Benzinga IPOs
