Wedbush Raises Rubrik (RBRK) Price Target to $150

On October 26, 2026, Wedbush raised its price target on Rubrik, Inc. to $150 from $120 while maintaining an Outperform rating. This update comes as the firm continues to see potential in Rubrik's growth and market position. The announcement was made in their research note on the same day.

RBRK Rubrik, Inc.

$135.30 ▲ +79.28% year to date

1M 3M YTD

Daily close · Oct 26, 2026

Wedbush's Call on Rubrik

Wedbush's new price target of $150 indicates a positive outlook for Rubrik, especially considering the stock's recent performance. The shares closed at $135.85 on the day of the announcement, which is about 9.6% below the new target. This suggests there may still be room for growth, as the stock is performing well above its 50-day moving average by 26.4% and its 200-day moving average by 80.5%. The firm did not initiate coverage but raised its target based on favorable market conditions and the company's performance.

Other Institutional Activity in Rubrik

Several other institutional investors have also made notable moves in Rubrik. AQR Capital Management, LLC grew its holdings by 7,730,771 shares, bringing its total to about 9.9 million shares worth approximately $1.35 billion. First Trust Advisors LP added 1,084,425 shares, increasing its stake to about 5.98 million shares valued at around $812.4 million. Voya Investment Management LLC increased its position by 268,279 shares, ending with about 4.0 million shares worth approximately $544.0 million. These actions reflect ongoing interest in Rubrik among institutional investors.

Rubrik, Inc. Stock Up 12.2%

Rubrik's stock is currently trading at $135.53, which is below the closing price of $135.85 on the day of the Wedbush announcement. The stock is above its 52-week low of $42.25 and recently traded about 3.6% above its 52-week high of $130.84. The recent trading levels suggest a strong performance, particularly as the stock is positioned well above its moving averages.

Recent Earnings

Rubrik reported trailing twelve-month revenue of approximately $1.54 billion, showing a year-over-year revenue growth of 37.9%. However, the company has not been profitable, with a net margin of -16.5%. The next earnings report is scheduled for December 3, 2026, which will provide further insights into the company's financial health.

Insider Buying and Selling at Rubrik, Inc.

Recent insider trades include Yvonne Wassenaar, a Director, who sold 721 shares at an average price of $119.00 on October 5, 2026, valued at about $85,799. Arvind Nithrakashyap, the Chief Technology Officer, also sold 38,460 shares for a total value of approximately $4.78 million on October 7, 2026. These sales occurred before the Wedbush announcement and do not necessarily indicate a negative outlook on the company's future.

Analysts Set New Price Targets

On October 26, 2026, Wedbush maintained its Outperform rating for Rubrik while raising its price target to $150. Earlier in August, Scotiabank set a target of $120, Citigroup set a target of $130, and CIBC set a target of $120, highlighting a generally positive outlook from multiple analysts. The average target price among analysts is about $120.15, suggesting a favorable consensus on the stock's potential.

About Rubrik

Rubrik, Inc. specializes in data security solutions for businesses and individuals. Their offerings include enterprise data protection, cloud data protection, and cyber recovery solutions, among others. The company's focus on data security is particularly relevant as businesses increasingly prioritize protecting their data assets.

Bottom Line

Investors should watch Rubrik closely as it prepares for its next earnings report on December 3, 2026. The raised price target from Wedbush indicates confidence in the company's growth potential, especially given its strong revenue growth despite current losses. Further updates from analysts and institutional investors will also be key to understanding Rubrik's market position.