Cantor Fitzgerald Reaffirms Overweight on Rubrik (RBRK) With $115 Price Target

Group 1 - Rubrik, Inc. (NYSE:RBRK) has received an Overweight rating and a price target of $115.00 from Cantor Fitzgerald analyst Jonathan Ruykhaver following strong second-quarter results that exceeded estimates across multiple metrics [1][3] - The company added approximately $71 million in net new annual recurring revenue (NNARR), significantly outperforming consensus estimates, and raised its FY26 guidance [1][3] - Ruykhaver highlights cloud adoption and data protection needs as long-term growth drivers, with new products like Agent Rewind and Identity Resilience showcasing ongoing innovation [2][3] Group 2 - Rubrik's second-quarter performance included beating FactSet consensus estimates on revenue, subscription ARR, operating income, and free cash flow, indicating strong momentum in its platform strategy [3] - The company is positioned at the forefront of market innovation, benefiting from ongoing cloud migration and the increasing importance of data resilience [3]