CIBC Raises Rubrik (RBRK) Price Target, Maintains Outperformer Rating

Rubrik, Inc. (NYSE:RBRK) is one of 12 best cybersecurity stocks to buy now

CIBC analyst Todd Coupland has raised the price target on Rubrik, Inc. (NYSE:RBRK) to $125 from $110, maintaining an Outperformer rating on the stock. The decision follows the company’s first-quarter earnings report and its guidance for the second quarter and fiscal year 2026, which came in approximately 2% above FactSet estimates. Coupland highlights stronger-than-expected growth in subscription revenue, subscription annual recurring revenue (ARR) contribution margins, and free cash flow as key drivers behind the upgraded outlook.

CIBC Raises Rubrik (RBRK) Price Target, Maintains Outperformer Rating

Despite Rubrik’s relatively cautious guidance, CIBC views the results positively, citing continued momentum in the cybersecurity market. The firm notes that cyber resilience remains a critical focus for enterprises, which bodes well for Rubrik’s ongoing expansion. Additionally, the company has demonstrated steady gains in market share, reinforcing confidence in its competitive positioning. Coupland emphasizes that the combination of solid financial results and the heightened importance of cyber resilience supports the positive thesis on Rubrik. The analyst believes that the company is well-positioned to capitalize on growing demand for data protection and security solutions.

Based on these factors, CIBC considers Rubrik’s shares attractive and recommends buying the stock. The firm’s outlook reflects optimism about the company’s ability to sustain growth and profitability in a challenging but expanding cybersecurity market. Investors looking for exposure to this sector may find Rubrik a compelling opportunity.

While we acknowledge the potential of RBRK to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RBRK and that has 100x upside potential, check out our report about this cheapest AI stock.

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