On June 9, Rubrik rose 5.45% in pre-market trading, trading at $74.99 per share, with trading volume of $1.48 million.

On the news front, Berenberg raised its target price on Rubrik from $90 to $95 while maintaining a buy rating, following Truist Securities which also lifted its target from $80 to $90. The collective bullish stance stems from Rubrik's strong fiscal Q1 results reported on June 4: revenue reached $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 earlier and far surpassing the expected loss of $0.03. The company raised its full-year fiscal 2027 revenue guidance to $1.64 billion-$1.65 billion, above the prior forecast of $1.6 billion-$1.61 billion and the Street estimate of $1.61 billion. Subscription annual recurring revenue grew to $1.57 billion, exceeding projections of $1.55 billion, driven by robust cloud expansion and steady customer acquisition.

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