On August 7, Rubrik Inc. rose 6.22% in regular trading, trading at $89.95 per share, with turnover of $44.59 million. The stock continues to benefit from broad institutional endorsement and robust fundamental momentum.

On the news front, multiple institutions have recently initiated or reiterated bullish coverage on Rubrik. Loop Capital initiated coverage with a Buy rating and a $100 price target on August 4, implying approximately 27% upside at that time. According to FactSet, the current analyst consensus target price stands at $95.41, with an average Buy rating. William O'Neil, Berenberg, Oppenheimer, and Truist Securities have all issued Buy ratings in recent months.

On the fundamental side, Rubrik reported fiscal Q1 revenue of $387.1 million, up 39% year-over-year, significantly beating the consensus estimate of $366.3 million. Adjusted EPS came in at $0.16, swinging from a loss of $0.15 a year ago and far exceeding the expected loss of $0.03. The company also raised its full-year revenue guidance to $1.64-$1.65 billion, above the prior Street estimate of $1.61 billion.

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