On August 27, Rubrik Inc. rose 6.36% in after-hours trading, trading at $111.04/share, with turnover of $28.41 million. The stock surged following the company's post-market earnings release, which confirmed bullish expectations that had been building throughout the session.

Rubrik has demonstrated a strong track record of outperformance, with its most recent reported quarter delivering revenue of $387.1 million, representing 39% year-over-year growth and significantly exceeding the Wall Street consensus estimate of $366.3 million. Adjusted EPS came in at $0.16, swinging from a loss of $0.15 a year earlier and far surpassing the market's expected loss of $0.03. The company also raised its fiscal 2027 revenue guidance to $1.64 billion-$1.65 billion, above the FactSet consensus of $1.61 billion.

Ahead of the earnings release, multiple investment banks raised their price targets, with Truist lifting its target from $90 to $135 and Oppenheimer raising to $120, both maintaining buy ratings. The FactSet consensus rating stands at buy with a mean target of $104.30.

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