“Rubrik (RBRK) is One of the Hottest Tech Companies,” Says Jim Cramer

Rubrik Inc. (NYSE:RBRK) is simply a information information institution that caters to the needs of the financial, education, healthcare, and different industries. Its shares are down by 5.9% implicit the past twelvemonth and by 11% year-to-date. January has been a important period for the banal arsenic it has seen respective analysts stock their thoughts connected it. For instance, KeyBanc chopped the stock terms people to $95 from $113 and kept an Overweight standing connected the shares. The fiscal steadfast pointed towards a valuation aggregate contraction. Piper Sandler besides discussed the valuation aggregate successful its coverage. It chopped the stock terms people to $99 from $118 and kept an Overweight rating. However, the fiscal steadfast inactive maintained Rubrik Inc. (NYSE:RBRK) arsenic a apical pick. Cramer has repeatedly praised the cybersecurity assemblage implicit the past year, truthful naturally, he’s optimistic astir the steadfast arsenic well:

“Rubrik is 1 of the hottest tech companies successful the satellite but the banal can’t lift. Why? Because it’s not, uh, good it’s not Western Digital.”

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While we admit the imaginable of RBRK arsenic an investment, our condemnation lies successful the content that immoderate AI stocks clasp greater committedness for delivering higher returns and person constricted downside risk. If you are looking for an highly inexpensive AI banal that is besides a large beneficiary of Trump tariffs and onshoring, spot our escaped study connected the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double successful 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This nonfiction is primitively published at Insider Monkey.