Last Updated: 18 Sep 2024
Executive Summary
Rubrik, Inc. (RBRK) is a leading provider of data management and protection solutions for cloud, hybrid, and on-premises environments. The company's latest stock price of $32.24 reflects a strong performance in the market. With a focus on innovation and customer satisfaction, Rubrik is well-positioned for continued growth and success.
Company Overview
Rubrik was founded in 2014 and is headquartered in Palo Alto, California. The company offers a comprehensive suite of data management solutions, including data protection, backup, recovery, and analytics. Rubrik's solutions are designed to help businesses protect their data from cyber threats, ransomware, and human error.
Fundamental Analysis
Rubrik's financial performance has been strong in recent quarters. The company reported revenue growth of 0% in its latest quarter, with a net loss of 0%. Despite the loss, Rubrik's gross profit margin of 0% and operating margin of 0% indicate a healthy business model.
Technical Analysis
The technical analysis of Rubrik's stock price shows a positive trend. The stock has been trading above its 50-day and 200-day moving averages, indicating bullish momentum. The stock's recent breakout above $32 could signal further upside potential.
Short Term Outlook
In the short term, Rubrik's stock is expected to continue its upward trend. The company's strong fundamentals and positive technical indicators suggest that the stock could reach $35 in the coming months.
Long Term Outlook
The long-term outlook for Rubrik is also positive. The company's innovative solutions and strong customer base position it well for continued growth. Rubrik is expected to benefit from the increasing demand for data management and protection solutions in the cloud and hybrid environments.
Analyst Recommendations
Analysts are bullish on Rubrik's stock. Four analysts have issued strong buy ratings, while 11 have issued buy ratings. The average analyst target price is $35, which represents a potential upside of 8.6% from the current price.
