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Berenberg Bank Sticks to Their Buy Rating for Rubrik, Inc. Class A (RBRK)

Tipranks - Tipranks - Tue Mar 17, 1:42AM CDT

Berenberg Bank analyst Rahul Chopra maintained a Buy rating on Rubrik, Inc. Class A on March 13 and set a price target of $90.00. The company’s shares closed last Friday at $53.43.

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According to TipRanks, Chopra is a 4-star analyst with an average return of 11.2% and a 64.41% success rate. Chopra covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Zscaler, and Rubrik, Inc. Class A.

In addition to Berenberg Bank, Rubrik, Inc. Class A also received a Buy from BMO Capital’s Keith Bachman in a report issued on March 13. However, on the same day, TipRanks – xAI reiterated a Hold rating on Rubrik, Inc. Class A (NYSE: RBRK).

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Based on Rubrik, Inc. Class A’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $377.68 million and a GAAP net loss of $86.97 million. In comparison, last year the company earned a revenue of $258.1 million and had a GAAP net loss of $114.89 million

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