Goldman Sachs Analyst Reaffirms Buy on Rubrik Despite Quarterly Losses, Highlights Strong ARR Growth

Loading...Loading...Goldman Sachs analyst Kash Rangan reiterated a Buy rating on Rubrik, Inc. RBRK with a price target of $48.Yesterday, Rubrik reported a quarterly EPS loss of$1.58 versus a year-ago loss of $1.48 and sales of$187.31 million, up from $135.74 million in the year-ago period.Rubrik said it sees a second-quarter EPS loss of$0.50-$0.48 vs. market estimates of$0.50 loss and revenue of $195 million to$197 million versus estimates of $194.89 million.The analyst says that despite the recent sof ...