Fintel reports that on August 19, 2024, Piper Sandler initiated coverage of Rubrik (NYSE:RBRK) with a Overweight recommendation.
Analyst Price Forecast Suggests 39.22% Upside
As of August 6, 2024, the average one-year price target for Rubrik is $46.51/share. The forecasts range from a low of $40.40 to a high of $52.50. The average price target represents an increase of 39.22% from its latest reported closing price of $33.41 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Rubrik is 824MM, an increase of 21.26%. The projected annual non-GAAP EPS is -2.39.
What is the Fund Sentiment?
There are 180 funds or institutions reporting positions in Rubrik. This is an increase of 179 owner(s) or 17,900.00% in the last quarter. 
The put/call ratio of RBRK is 0.33, indicating a bullish outlook.
What are Other Shareholders Doing?
Norges Bank holds 3,301K shares representing 5.94% ownership of the company.
Bain Capital Venture Investors holds 2,760K shares representing 4.97% ownership of the company.
Alliancebernstein holds 2,096K shares representing 3.77% ownership of the company.
Capital International Investors holds 1,750K shares representing 3.15% ownership of the company.
Jpmorgan Chase holds 1,697K shares representing 3.05% ownership of the company.
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This story originally appeared on Fintel.
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