Rubrik is positioned to rally amid surging demand for cybersecurity and data solutions, so investors should scoop up shares while they're still trading at a discount, according to Jefferies. The investment firm assigned the stock a buy rating. It also put a $65 price target on shares, implying 24.3% upside from Friday's close. Shares have plunged nearly 32% since the beginning of the year. But, as a "a cyber resilience leader, RBRK is well positioned for [long-term] sustainable growth, driven by the secular tailwinds of ransomware, SaaS/cloud workloads, & data growth," analyst Joseph Gallo said in a note to clients. RBRK YTD mountain RNRK in 2026 Rubrik is likely to benefit from rising demand for advanced cybersecurity solutions, particularly as its field of buyers widens. That market is poised to grow to roughly $700 billion in 2034, or nearly triple its expected value by the end of 2026, according to a report from market research and consulting firm Fortune Business Insights. "Backup and recovery have evolved into cyber resilience, which requires an 'assume breach' mentality and expands the buyer from IT (still a large legacy share opportunity) to the [chief information security officer] (also introduces competition from cyber vendors)," Gallo wrote. The analyst said Rubrik will sustain subscription annual recurring revenue growth of 20% or more over the next few years. Those gains will likely come from sales of the firm's software-as-a-service and cloud data protection plans and its solutions for the development and deployment of artificial intelligence, according to Jefferies. And although Rubrik still lags several of its peers in operating profitability, it is poised to gain ground to become a leader in its industry, Gallo noted. "We see a path to significant improvement," the analyst wrote. Jefferies' call is in line with consensus on Wall Street. Of the 27 analysts covering Rubrik, 26 have a buy or strong buy rating on the stock, LSEG data shows.
