Barclays, D.A. Davidson Assign Buy to Rubrik with $65-$70 Targets Ahead of Q4
Barclays and D.A. Davidson issued Buy ratings on Rubrik, assigning price targets of $70 and $65 before its March 12 Q4 report. The company forecasts Q4 revenue of $341–343 million, a 9% non-GAAP subscription ARR margin, full-year ARR near $1.44 billion, and expects a $0.11 per-share loss with revenues up 32.6% year-over-year.
1. Analyst Ratings and Price Targets
Barclays assigned a Buy rating with a $70 price target and D.A. Davidson initiated a Buy rating with a $65 price target, reflecting bullish sentiment ahead of Rubrik’s forthcoming fiscal Q4 results.
2. Fiscal Q4 Guidance
Rubrik projects Q4 revenue between $341 million and $343 million, expects a non-GAAP loss of $0.11 per share, and anticipates year-over-year revenue growth of 32.6%.
3. Subscription ARR and Growth Outlook
The company plans sales compensation changes to boost net new ARR, targets a 9% non-GAAP subscription ARR margin for Q4, and projects full-year subscription ARR of approximately $1.439–1.443 billion.