Oppenheimer raises target price to $90 from $85 for Rubrik, Inc.

Oppenheimer has raised its price target for Rubrik, Inc. (RBRK) to $90 from $85, maintaining an "Outperform" rating for the stock. This upgrade follows Rubrik’s strong Q4 performance, where the company reported earnings per share (EPS) of $0.04, exceeding the consensus estimate of a $0.11 loss, and revenue of $377.68 million, up 46.3% year over year. The firm also highlighted that Rubrik’s Q1 results and guidance for FY26 were well above expectations, although much of the outperformance was attributed to non-recurring revenue.

Institutional and insider activity has also been notable. Vanguard Group Inc. and First Trust Advisors LP increased their holdings in the fourth quarter, while Rubrik’s director Mark D. Mclaughlin purchased shares, signaling confidence in the company’s direction. Meanwhile, the CFO sold a portion of his holdings under a pre-arranged trading plan.

Rubrik, a leader in cloud data management and security, continues to expand its market presence with its Security Cloud platform, which supports data protection, compliance, and disaster recovery across hybrid and multi-cloud environments. With a current market cap of $13 billion and a P/E ratio of -36.31, the stock remains a subject of active analyst coverage, with a consensus rating of "Moderate Buy" and a target price of $84.84.