Data Security Prospects Result in Bullish Views on Rubrik (RBRK)

Rubrik Inc (NYSE:RBRK) is one of the best large cap stocks under $100 with huge upside potential.

On January 5, Saket Kalia from Barclays reaffirmed his Overweight rating on Rubrik Inc (NYSE:RBRK). In the process, he lowered his price target from $120 to $100, which still offers an upside potential of over 52%.

On December 30, Todd Weller from Stephens initiated coverage of Rubrik Inc. (NYSE:RBRK). The analyst assigned an Overweight rating to the stock and estimated a price target of $105. This results in an impressive upside of 60% from the current level.

Weller based his bullish views on the company’s attractive prospects within the data protection and data security domains. He noted that the company’s unified platform approach is driving a shift from legacy architectures, combining different functions such as backup, recovery, data observability, and ransomware investigation. Weller also anticipates the company’s topline growth to be complemented by margin expansion.

Rubrik Inc (NYSE:RBRK) is a provider of cloud-based data management and security solutions for enterprises and individuals. Its service offerings include cloud, enterprise, and SaaS data protection, data threat analytics, and cyber recovery solutions. It covers various industries such as public sector enterprises, retail, finance, energy, industrial, and healthcare, with emphasis on securing and monitoring data across hybrid and multi-cloud infrastructure.

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.