Rubrik's Valuation Update: Analysts Weigh Strong Execution Against Cautious Growth Outlook

Rubrik's valuation has been adjusted downward to $114.05 per share due to a more measured outlook for future growth. Analysts are optimistic about durable demand but cautious about the pace of growth. Recent Q2 results showed strong execution, with revenue up 51% YoY and subscription ARR growth of 36% YoY. However, concerns remain about whether the company's strong share performance and conservative Q3 outlook have already reflected all the upside in its valuation.