product · May 21, 2026
Oppenheimer Upgrades Rubrik to Outperform With $85 Price Target
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Oppenheimer upgraded Rubrik from Perform to Outperform on May 20, 2026, with an $85 price target ahead of the company's Q1 earnings report. The upgrade cites strong checks from value-added resellers and a sharp recovery in backup, recovery, and cyber-resilience sector demand. Rubrik's product leadership across workloads continues to improve, and higher memory pricing shows no demand impact for its mission-critical workload protection. Oppenheimer expects Rubrik to beat Q1 estimates and raise 2027 guidance.
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