Rubrik (RBRK) Rides Cloud Security Tailwinds, Baird Remains Bullish

Rubrik Inc. (NYSE:RBRK) is one of the top 10 stock picks from Harvard University’s stock portfolio. It was among the three new stock positions initiated in the portfolio in Q1 2025, though the position is relatively small (0.7% of portfolio value) versus other stocks.

That said, the stock is a strong performer with YTD gains of approximately 31% and around 190% over the last one year.

On June 11, Shrenik Kothari of Robert W. Baird reiterated his Buy rating on the stock, maintaining a price target of $110. He pointed to continued strength in the company’s financial indicators, particularly a steady rise in remaining performance obligations (RPO), both year-over-year and sequentially, a signal of sustained customer demand.

An employee standing in front of a large data center, looking toward the future of cloud security.

The company also appears to be converting a significant portion of deferred revenue into current income, reflecting solid revenue recognition practices and billing efficiency. The U.S. remains Rubrik’s largest and fastest-growing market, playing a pivotal role in driving growth.

While its revenue from channel partners has become slightly more diversified, those partnerships remain central to the company’s go-to-market approach. The analyst added that rising subscription revenue across Rubrik’s offerings reflects healthy customer uptake and growing interest.

Altogether, these trends suggest the company’s momentum is holding steady. As a result, Kothari remains upbeat, citing reliable performance indicators as the basis for his optimistic view.

Rubrik Inc. (NYSE:RBRK) is a cloud data management and cybersecurity firm that offers the Rubrik Security Cloud, a unified SaaS platform combining backup, threat detection, ransomware recovery, and sensitive data monitoring across on-premises, cloud, and SaaS environments.

While we acknowledge the potential of RBRK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.