Rubrik Gets an Upgrade. This Could Drive the Cybersecurity Stock Higher.

Cybersecurity stock Rubrik has lagged behind the broader market this year, but some analysts see an opportunity to make up lost ground. Mizuho analysts hiked their rating on Rubrik to Outperform from Neutral and reiterated a $97 price target for the stock in a research note Monday. The firm noted that Rubrik stock has slumped 16% since its valuation-driven downgrade on May 15, “despite good ongoing execution.”