On August 27, Rubrik Inc. rose 5.07% in pre-market trading, trading at $100.98/share, with turnover of $645,800. The stock rebounded ahead of its quarterly earnings report scheduled for after market close, as optimistic performance expectations fueled buying interest.

On the news front, Rubrik has delivered consecutive beats in recent quarters: last quarter revenue came in at $387.1 million, up 39% year over year and significantly above the Wall Street estimate of $366.3 million; adjusted EPS of $0.16 far exceeded the consensus estimate of a $0.03 loss. The company also raised its fiscal 2027 revenue guidance to $1.64-$1.65 billion, above the prior forecast and analyst expectations of $1.61 billion. Subscription ARR grew to $1.57 billion, reflecting robust cloud expansion.

Multiple investment banks recently raised price targets: Truist lifted its target from $90 to $135, Oppenheimer raised to $120, and the FactSet consensus rating stands at Buy with a mean target of $104.30. The stock had pulled back 5.02% on August 25 on pre-earnings caution, making today's move a recovery as the market prices in continued outperformance.

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