KeyBanc Adjusts Rubrik (RBRK) PT to $95 Citing Valuation Multiples and Enterprise Spending Caution

Rubrik Inc. (NYSE:RBRK) is one of the overlooked growth stocks to buy. On January 12, KeyBanc analyst Eric Heath lowered the firm’s price target on Rubrik to $95 from $113 with an Overweight rating on the shares. The firm’s updated view reflects a slight contraction in peer valuation multiples, rising concerns over competitive pressure, and a more cautious outlook on enterprise security spending.

On January 5, Barclays also lowered the firm’s price target on Rubrik to $100 from $120, while maintaining an Overweight rating on the shares.

KeyBanc Adjusts Rubrik (RBRK) PT to $95 Citing Valuation Multiples and Enterprise Spending Caution

On the same day, Piper Sandler also adjusted its outlook for Rubrik Inc. and cut the price target to $99 from $118 while maintaining an Overweight rating. The firm revised its valuation multiple to 11x, down from 13x, citing year-over-year comparisons and minor estimate tweaks following Rubrik’s 10-Q filing. Despite the lower target, Piper Sandler reaffirmed the stock as its top overall pick, reflecting continued confidence in the company’s 48% year-over-year revenue growth and its leadership in AI-driven cyber resilience.

Earlier on December 29, Stephens analyst Todd Weller initiated coverage of Rubrik with an Overweight rating and a $105 price target, highlighting the company’s strong growth potential in the data protection and security markets. The firm noted that Rubrik’s expected margin expansion should effectively balance its top-line gains, while its unified platform represents a disruptive departure from traditional legacy architectures.

Rubrik Inc. provides data security solutions to individuals and businesses worldwide.

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This article is originally published at Insider Monkey.