DA Davidson Rates Rubrik (RBRK) buy, $90 Price Target
DA Davidson reaffirms a buy rating on Rubrik, Inc. with a price target of $90.00, a 28.96% upside from the current price.
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DA Davidson rated Rubrik, Inc. ($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
- DA Davidson reiterated its buy rating on Rubrik, Inc. (NYSE: RBRK) with a price target of $90.00 on June 11, 2026.
- DA Davidson's $90 price target implies 28.96% upside from Rubrik, Inc.'s ($RBRK) current $69.79 share price.
- The stock is currently trading at $69.79, below the target price and well below its 52-week high of $113.16.
- Rubrik, Inc. recently reported a revenue of $1.54 billion, but it has a negative net margin and no meaningful P/E due to losses.
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DA Davidson's Stance on Rubrik
On June 11, 2026, DA Davidson reiterated its buy rating on Rubrik, Inc. (NYSE: RBRK) with a price target of $90.00. This move comes as the stock is trading at $69.79, showing potential upside for investors. DA Davidson's analyst Rudy Kessinger believes in the company's future despite it currently being under pressure.
How This Compares to Wall Street
DA Davidson’s rating aligns with several other analysts who maintain a positive outlook on Rubrik. For instance, on August 28, 2026, Citigroup also maintained a buy rating with a target of $130.00. Other firms like Barclays, Piper Sandler, and Scotiabank have similar sentiments, with their price targets ranging from $115 to $139. The consensus among analysts indicates a strong buy for Rubrik, with a mean target price of approximately $119.81.
Stock Trading Context
Currently, Rubrik's stock is trading at $69.79, which is significantly below its 52-week high of $113.16, indicating that there may be room for recovery. The stock is also trading well below its moving averages—50-day at $89.87 and 200-day at $70.46. This suggests it might be undervalued compared to its historical performance.
$RBRK price target
Rubrik, Inc. daily closes and this analyst's $90 target. Not advice.
Recent Earnings
Rubrik, Inc. reported revenue of $1.54 billion, reflecting a growth rate of 37.9% year over year. However, the company has been struggling with profitability, having a net margin of -16.5%. Investors will be looking closely at the next earnings report scheduled for December 3, 2026, to see if the company can improve its financial standing.
Insider Buying and Selling at Rubrik, Inc.
Insider trading has also been noted at Rubrik, with Ravi Mhatre buying 473,660 shares on June 24, 2026. This shows some level of confidence among insiders. However, the same insider also held 2,798,453 shares before this purchase, indicating a mix of selling and buying activity.
What Rubrik, Inc. Does
Rubrik, Inc. is a technology firm specializing in data security solutions for businesses and individuals. The company provides various services, including enterprise data protection and AI-driven cyber resilience tools. Given the industry's growing focus on security, Rubrik's offerings are becoming increasingly relevant.
What's Ahead for Rubrik, Inc.
As Rubrik prepares for its next earnings call slated for December 3, 2026, investors will be eager to see if it can turn around its losses and align closer to the bullish forecasts set by analysts. The reiteration of buy ratings by firms like DA Davidson suggests a belief in the company's potential for recovery in the near future.
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Source: DA Davidson's rating change on $RBRK (Jun 11, 2026). Written by software, not financial advice. How we make alerts