Shares trade near $100, about 94% of the 52-week high; valuation sits near 13 times trailing $1.5 billion revenue.
Analysis warned the multiple leaves little room for execution misses; the stock’s largest peak-to-trough drop over the past year was 52%.
AI narrative and Agent Cloud contribution
Rubrik Agent Cloud underpins the AI narrative but has more than 15 paying customers; minimal contribution is assumed in fiscal 2027 subscription ARR.
Revenue growth slowdown drives downside risk
Insight Guru flagged rising downside risk in Rubrik as revenue growth slowed for three straight quarters, falling to 37.9% in fiscal Q2 2027.
Fiscal Q3 2027 revenue guidance of about $430 million implies about 23% reported growth; normalized growth is about 31% as material rights revenue fades.
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