Piper Sandler raises Rubrik PT on strong customer expansion, AI traction
28/08/2026 13:04
BUZZ-Piper Sandler raises Rubrik PT on strong customer expansion, AI traction ** Brokerage Piper Sandler raises PT on cybersecurity firm Rubrik RBRK.N to $114 from $91, implying ~7% upside to stock's last close
** New AI offerings, including Rubrik AI, Agent Cloud for Claude Code and Mythos, are helping drive new-customer adoption - brokerage
** Piper Sandler highlights strong enterprise momentum — customers generating more than $1 mln in annual recurring revenue up 57% YoY and RBRK added 138 net-new customers spending more than $100,000 annually
** Average rating of 29 analysts is "buy", median PT is $117 - LSEG data
** Up to last close, shares up ~40% this year
(Reporting by Prathik Jayaprakash in Bengaluru)
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Piper Sandler raises Rubrik PT on strong customer expansion, AI traction