“Rubrik (RBRK) is One of the Hottest Tech Companies,” Says Jim Cramer

We recently published 15 Fresh Stocks Jim Cramer Discussed.  Rubrik Inc. (NYSE:RBRK) is one of the stocks Jim Cramer discussed.

Rubrik Inc. (NYSE:RBRK) is a data security company that caters to the needs of the financial, education, healthcare, and other industries. Its shares are down by 5.9% over the past year and by 11% year-to-date. January has been a crucial month for the stock as it has seen several analysts share their thoughts on it. For instance, KeyBanc cut the share price target to $95 from $113 and kept an Overweight rating on the shares. The financial firm pointed towards a valuation multiple contraction. Piper Sandler also discussed the valuation multiple in its coverage. It cut the share price target to $99 from $118 and kept an Overweight rating. However, the financial firm still maintained Rubrik Inc. (NYSE:RBRK) as a top pick. Cramer has repeatedly praised the cybersecurity sector over the past year, so naturally, he’s optimistic about the firm as well:

“Rubrik is one of the hottest tech companies in the world but the stock can’t lift. Why? Because it’s not, uh, well it’s not Western Digital.”

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.

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