We recently published 15 Fresh Stocks Jim Cramer Discussed. Rubrik Inc. (NYSE:RBRK) is one of the stocks Jim Cramer discussed.
Rubrik Inc. (NYSE:RBRK) is a data security company that caters to the needs of the financial, education, healthcare, and other industries. Its shares are down by 5.9% over the past year and by 11% year-to-date. January has been a crucial month for the stock as it has seen several analysts share their thoughts on it. For instance, KeyBanc cut the share price target to $95 from $113 and kept an Overweight rating on the shares. The financial firm pointed towards a valuation multiple contraction. Piper Sandler also discussed the valuation multiple in its coverage. It cut the share price target to $99 from $118 and kept an Overweight rating. However, the financial firm still maintained Rubrik Inc. (NYSE:RBRK) as a top pick. Cramer has repeatedly praised the cybersecurity sector over the past year, so naturally, he’s optimistic about the firm as well:
“Rubrik is one of the hottest tech companies in the world but the stock can’t lift. Why? Because it’s not, uh, well it’s not Western Digital.”
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Disclosure: None. This article is originally published at Insider Monkey.
