Rubrik’s Massive Rebound: Why the Next Leg Higher Could Be Fast

Core Insights - Rubrik's stock price is expected to reach a new all-time high by mid-2026 due to its critical role in the AI ecosystem [2] - The company's fiscal Q3 results showed a significant increase in revenue and subscriptions, indicating strong demand and growth [3][4] Financial Performance - Rubrik reported net revenue of $350.17 million for fiscal Q3, a nearly 50% year-over-year increase, significantly surpassing market expectations by almost 1000 basis points [3] - Subscription revenue increased by 52%, with annual recurring revenue (ARR) from clients generating over $100K up by 27% [3] - The company achieved adjusted earnings of 10 cents, exceeding expectations, with cash flow up 200% and free cash flow up 400% [4] Guidance and Outlook - Rubrik provided a strong Q4 guidance, expecting continued business momentum and raised its full-year revenue forecast to at least $1.28 billion, which is 400 basis points better than expected [4] - Analysts indicate a positive outlook for Rubrik, with a Moderate Buy rating and an upward trend in consensus price targets, suggesting a minimum target upside of 25% [5] Market Trends - There is a notable accumulation of Rubrik's stock by analysts and institutions in 2025, despite some price target reductions [5] - The overall trend remains positive, with several price target revisions indicating potential upside closer to $130, or about 35% [5]