Rubrik rating cut: Mizuho says stock is now fairly valued

Sam Boughedda

Thu, May 15, 2025, 7:52 AM 1 min read

Investing.com -- Mizuho downgraded shares of Rubrik to Neutral from Outperform successful a enactment to clients connected Thursday.

The steadfast pointed to valuation concerns aft a beardown rally that has pushed the banal to all-time highs.

“It’s been a large ride, but our halt is here,” Mizuho analysts wrote. They raised the terms people connected Rubrik to $86 from $75 but said the caller surge successful the banal has near small country for further upside. Rubrik shares closed Wednesday astatine $84.61.

Since its archetypal nationalist offering successful 2024, Rubrik has soared 165%, including a 29% summation truthful acold successful 2025.

While Mizuho remains optimistic astir the company’s underlying business, the steadfast present believes the banal is “fairly valued.”

Mizuho credited Rubrik’s occurrence to its spot successful information information and ransomware protection.

“We firmly judge that RBRK’s aggravated absorption connected protecting and operationalizing data, on with best-in-class ransomware defenses, has enabled it to importantly abstracted from astir bequest and next-gen vendors successful this space,” the analysts wrote.

They besides pointed to continued maturation opportunities, including Rubrik’s enlargement into protecting much SaaS applications and information sources. Still, contempt these tailwinds, the crisp emergence successful the banal has prompted a much cautious view.

The steadfast emphasized that the determination was valuation-driven alternatively than a alteration successful presumption connected Rubrik’s fundamentals. However, they stated that they expect the institution to turn ARR modestly faster than peers.

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