10 AI Stocks In The Spotlight For Investors

8. Rubrik, Inc. (NYSE:RBRK)

Number of Hedge Fund Holders: 52

Rubrik, Inc. (NYSE:RBRK) is one of the 10 AI Stocks In The Spotlight For Investors. On September 10, Mizuho analyst Gregg Moskowitz reiterated a Neutral rating on the stock with a $97.00 price target. The neutral rating comes despite Rubrik’s strong quarterly results.

According to the company, the company’s subscription annual recurring revenue grew 36% from last year, better than Street forecasts of 33%. Net new subscriptions were $71 million, up 12% but a slower growth than the 23% improvement in the previous quarter.

Cloud subscriptions were particularly strong, growing 57% year-over-year. Management also raised its full-year guidance.

Analysts believe that Rubrik’s focus on data security and ransomware sets it apart from others. At the same time, it believes that shares are fairly priced considering that the stock has risen 200% since its IPO in mind 2024 and 51% this year alone.

“More broadly, we firmly believe that RBRK’s intense focus on protecting and operationalizing data, along with best-in-class ransomware defenses, has enabled it to significantly separate from most legacy and next-gen vendors in this space. With that said, as we noted in our recent downgrade note, with RBRK having appreciated a material 200%+ since its mid-2024 IPO and 51% YTD, we view the shares as fairly valued. We reiterate our Neutral rating and $97 PT.”

Rubrik, Inc. (NYSE:RBRK) provides data security solutions to individuals and businesses worldwide.