Rubrik Inc.'s stock soared 6.25% in Monday's morning trading session, following an analyst's bullish move on the company.
Mizuho analyst raised the firm's price target on Rubrik to $68 from $47, maintaining an Outperform rating on the shares. The analyst's move came after Rubrik reported better-than-expected quarterly results, indicating the company's strong performance and growth prospects.
Rubrik is a leading cloud data management company that provides data protection and recovery solutions. The company has been gaining traction in the market with its innovative products and services, catering to the growing demand for efficient and reliable data management solutions.
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