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Here’s Why Rubrik Inc (RBRK) Is A Strong Short Term Play

Rubrik, Inc. (NYSE:RBRK)  is one of the 15 software stocks with the highest upside potential. Fatima Boolani, an analyst at Citi, reaffirmed her Buy rating along with the price target of $115 for the stock on January 12. Additionally, she has added an “upside 90-day short-term view” on the company. According to the analyst, the firm expects Rubrik to deliver an annual recurring revenue (ARR) beat and sustain a mid-20% range sales growth outlook. The financial services firm highlighted that, at current levels, the stock offers an attractive risk/reward profile. This reflects Citi’s positive stance on both short-term performance and long-term growth potential.

Eric Heath at KeyBanc also maintained his Buy rating on the stock on January 12, while cutting the firm’s price target from $113 to $95. The revised price target implies a further 37% upside from current levels, which is consistent with the lowest Wall Street analysts’ upside, as per 26 analysts covering the stock.

The analyst said that the target price revision reflects modestly lower valuation multiples among peers, growing competitive pressures in the market, and increased caution around the security budgets. However, the firm still maintains a positive stance on the stock relative to the broader sector.

Rubrik, Inc. (NYSE:RBRK) is a data security solutions provider serving individuals and businesses globally. It offers unstructured data protection, SaaS data protection, enterprise data protection, cloud data protection, identity provider services protection, and other solutions. The company was founded in 2013 and is headquartered in Palo Alto, California.

While we acknowledge the risk and potential of RBRK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than RBRK and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT:  Cathie Wood’s Stock Portfolio: Top 10 Stocks to Buy and 30 Most Fantastic Stocks Every Investor Should Pay Attention To.

Disclosure: None. This article is originally published at Insider Monkey.

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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