Morgan Stanley initiated coverage of data security firm Rubrik (RBRK) with an Overweight rating and a $155 price target. The target represents upside from Rubrik’s previous closing price of $136 on October 28. Analyst Meta Marshall led the initiation.
Morgan Stanley highlighted Rubrik’s position as a next-generation vendor in the growing data backup and recovery market. The bank cited the company’s architecture, which makes backups immutable by design and uses Zero Trust principles, as a strength in protecting enterprise data against cyber threats.