KeyBanc Adjusts Rubrik (RBRK) PT to $95 Citing Valuation Multiples and Enterprise Spending Caution

Rubrik Inc. (NYSE:RBRK) is one of the overlooked growth stocks to buy. On January 12, KeyBanc analyst Eric Heath lowered the firm’s price target on Rubrik to $95 from $113 with an Overweight rating on the shares. The firm’s updated view reflects a slight contraction in peer valuation multiples, rising concerns over competitive pressure, and a more cautious outlook on enterprise security spending.

On January 5, Barclays also lowered the firm’s price target on Rubrik to $100 from $120, while maintaining an Overweight rating on the shares.

On the same day, Piper Sandler also adjusted its outlook for Rubrik Inc. (NYSE:RBRK) and cut the price target to $99 from $118 while maintaining an Overweight rating. The firm revised its valuation multiple to 11x, down from 13x, citing year-over-year comparisons and minor estimate tweaks following Rubrik’s 10-Q filing. Despite the lower target, Piper Sandler reaffirmed the stock as its top overall pick, reflecting continued confidence in the company’s 48% year-over-year revenue growth and its leadership in AI-driven cyber resilience.

Earlier on December 29, Stephens analyst Todd Weller initiated coverage of Rubrik with an Overweight rating and a $105 price target, highlighting the company’s strong growth potential in the data protection and security markets. The firm noted that Rubrik’s expected margin expansion should effectively balance its top-line gains, while its unified platform represents a disruptive departure from traditional legacy architectures.

Rubrik Inc. (NYSE:RBRK) provides data security solutions to individuals and businesses worldwide.

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. This article is originally published at Insider Monkey.