Wedbush Rates Rubrik (RBRK) buy, $90 Price Target
Wedbush analyst Dan Ives maintains a buy rating on Rubrik, Inc. with a new price target of $90, a 28.96% upside from the current price.
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Wedbush rated Rubrik, Inc. ($RBRK) "buy" with a $90 price target on June 11, 2026.
Since the rating, $RBRK is down 1.7% after 1 week, up 17.3% after 1 month and up 57.3% to date (from the $71.45 close on Jun 11, 2026).
RBRK
Rubrik, Inc.
Key Points
- On June 11, 2026, Wedbush reiterated its buy rating on Rubrik, Inc. (NYSE: RBRK) with a price target set at $90, while the stock closed at $69.79.
- Wedbush's $90 price target implies 28.96% upside from Rubrik, Inc.'s ($RBRK) current $69.79 share price.
- Rubrik, Inc. has a current market cap of about $23.4 billion and operates in the data security sector with significant growth potential.
- Analysts are generally optimistic about Rubrik, with a consensus recommendation of strong buy and a mean price target of approximately $119.81.
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Wedbush Maintains Optimistic Outlook on Rubrik
On June 11, 2026, Wedbush analyst Dan Ives reiterated a buy rating on Rubrik, Inc. (NYSE: RBRK) and set a price target of $90. The stock closed at $69.79 that day, reflecting a potential upside for investors.
Rating Context
This is not a new position for Wedbush; the firm remains confident in Rubrik's future prospects. The price target suggests an optimistic view, especially considering the company's innovative data security solutions. The reiterated rating may encourage investors who are watching the company's performance closely.
Analysts Set New Price Targets
Other analysts also see potential in Rubrik. For example, Baird maintains an outperform rating with a target of $139. CIBC and Scotiabank both keep outperform ratings, with targets of $120. Citigroup has a buy rating with a target of $130, indicating a strong consensus within the analyst community. Overall, Rubrik enjoys a recommendation key of strong buy among 27 analysts, with a mean price target of approximately $119.81.
Recent Business Overview
Rubrik, Inc. offers a range of data security solutions aimed at businesses and individuals worldwide. The company provides services like enterprise data protection and identity recovery, among others. Its focus on cybersecurity makes it a key player in the ever-evolving technology landscape. As data threats increase, companies like Rubrik are well-positioned to help organizations safeguard their information.
Insider Buying and Selling at Rubrik, Inc.
On June 24, 2026, Ravi Mhatre, an insider at Rubrik, sold 2,798,453 shares, although the transaction details regarding the price were not disclosed. Insider trades can provide insight into the confidence levels of those closest to the company, but here, the implications of this trade are unclear without additional details on the sale.
What to Watch at Rubrik, Inc.
Investors should keep an eye on Rubrik's next earnings report scheduled for December 3, 2026. Given the company's recent performance and the supportive analyst ratings, future developments will be crucial for understanding if it can meet or exceed the optimistic outlook set by Wedbush and others. It's important to remember that the 13F filings reflect past positions, and current holdings may differ as market conditions evolve.
$RBRK price target
Rubrik, Inc. daily closes and this analyst's $90 target. Not advice.
Related Filing Alerts
Source: Wedbush's rating change on $RBRK (Jun 11, 2026). Written by software, not financial advice. How we make alerts