Rubrik Posts Strong F4Q Beat: 6 Analysts Raise Forecasts Citing 'Significant Runway For Growth'

Shares of Rubrik Inc (NYSE:RBRK) were climbing in early trading on Friday, after reporting upbeat fourth-quarter results.

Here are some key analyst takeaways.

KeyBanc Capital Markets On Rubrik

Analyst Eric Heath maintained an Overweight rating, while reducing the price target from $87 to $82.

Rubrik's subscription ARR (annual recurring revenue) rose 39% year-on-year to $1,093 million, beating consensus of $1,060 million, Heath said in a note. While the beat was similar to the prior three quarters, it marked an acceleration by one point to 37% growth, he added.

Total revenues surged 53% year-on-year to $258 million, coming in higher than consensus of $233 million, the analyst stated. "The backup & recovery market is accelerating across several dimensions (legacy displacements, more addressable workloads, more security functionality, shift to BaaS), and we still see significant runway for growth," he wrote.

Piper Sandler On Rubrik

Analyst James Fish reiterated an Overweight, while lifting the price target from $83 to $87.

Rubrik's quarterly revenue accelerated again in the fourth quarter to 47% year-on-year, "despite a 28% tougher compare Q/Q," Fish said. Subscription ARR also accelerated, adding $90 million in NNARR versus Street expectation of $57 million, he added.

The NNARR beat was driven by $107 million in Cloud NNARR, the analyst stated. "Cyber-resilience, share gains, ransomware protection, DORA, cross-sell opportunities (including new launches like Identity Recovery), edition upsells, and vendor consolidation all remain major growth-drivers."

BMO Capital Markets On Rubrik

Analyst Keith Bachman reaffirmed an Outperform rating, while raising the price target from $72 to $77.

Rubrik reported strong quarterly results "across the board, driven by broad-based demand and an expanding product portfolio," Bachman wrote. Management guided to fiscal 2026 ARR of $1.36 billion, above consensus of $1.32 billion, which is "impressive, in our judgement, given mixed software reports over the past quarter," he added.

The guidance implies net new subscription ARR of $264 million at the midpoint, versus the previous year's net new subscription ARR of $309 million, the analyst noted. The guide appears "conservative," he said.

Check out other analyst stock ratings.

Wedbush On Rubrik

Analyst Daniel Ives maintained an Outperform rating, while lifting the price target from $75 to $80.

Rubrik's quarterly release "once again featured massive beats across the board," Ives said. The quarter was highlighted by robust revenue growth and a strong subscription ARR performance, "in what was a highly impressive first year as a public company."

The company now has 2,246 customers with more than $100k in subscription ARR, representing 29% year-on-year growth, Rubrik stated. Net new subscription ARR grew significantly "as the company continues to see larger deals in its pipeline while benefiting from transitioning its maintenance base to RSC as subscription NRR remains at over 120% as RBRK is seeing strength across its entire subscription product portfolio," he wrote.

Rosenblatt Securities On Rubrik

Analyst Blair Abernethy reiterated a Buy rating, while raising the price target from $77 to $82.

Rubrik's total revenue grew 47% year-on-year in the fourth quarter to $258 million, coming in around 11% above consensus of $233 million, Abernethy said. Gross margins came in at a higher-than-expected 79.7%, he added.

Management guided to fiscal 2026 revenue of $1,153 million at the mid-point, representing 30% year-on-year growth, driving free cash flows of $45 million to $65 million, the analyst stated. "Despite macro concerns, the Company is seeing healthy interest in its comprehensive Cyber Resilience platform and plans to continue to expand its product breadth in 2025," he further wrote.

Cantor Fitzgerald On Rubrik

Analyst Jonathan Ruykhaver reaffirmed an Overweight rating and price target of $85.

Rubrik delivered "impressive" quarterly, beating consensus estimates on revenue, subscription ARR, operating income, and free cash flows, Ruykhaver said. The full-year guidance projects growth of 30% in revenues, 24% in subscription ARR, and 55% in free cash flows at the midpoint, he added.

"We remain bullish on ongoing cloud migration, the growing importance of data resilience as secular growth drivers and view Rubrik leading market innovation," the analyst wrote.

RBRK Price Action: Shares of Rubrik had risen by 25.82% to $69.69 at the time of publication on Friday.

Read More:  Rubrik Next-Gen Data Backup And Recovery Platform Makes It A ‘Market Leader For Years,’ Analyst Upgrades Stock

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