Rubrik is trading 10.37% higher at $95.64 after Wedbush initiated coverage with an Outperform rating and a $120 price target on September 10, 2026.

  • Management’s Goldman Sachs conference presentation highlighted 35% accelerated net-new ARR.
  • Rubrik raised its full-year guidance.
  • Software-sector strength is adding support as investors rotate toward enterprise software despite broader market weakness.