Goldman Sachs Analyst Reaffirms Buy on Rubrik Despite Quarterly Losses, Highlights Strong ARR Growth
ARMOUR Residential REIT(ARR) Benzinga·2024-06-13 02:22
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 ...