Aug. 21 at 11:20 AM
$RBRK Rubrik price target raised to
$112 from
$100 at KeyBanc
KeyBanc raised the firm's price target on Rubrik to
$112 from
$100 and keeps an Overweight rating on the shares. Ahead of July quarter security earnings, the firm remains constructive on cybersecurity spending, though the broader spending inflection appears deferred beyond the July quarter. KeyBanc's recent conversations with CISOs continues to suggest roughly 20% of organizations are already spending incrementally post-Mythos. Among those that are, the near-term urgency is mostly centered on CTEM, patching, pen-testing, segmentation, DIY code-scanning harnesses, and headcount.
