BTIG Lifts Rubrik Target to $125 After Earnings Beat

BTIG raised its price target on Rubrik (RBRK) to $125 after the cybersecurity company's fiscal second-quarter results came in well ahead of estimates. Adjusted earnings per share came in at $0.20, against the consensus estimate of $0.04. Demand for Rubrik's subscription-based data security software and identity resilience products pushed revenue up 38% to $427.3 million. Subscription annual recurring revenue reached $1.66 billion, up 33% from a year earlier. Management also raised its full-year guidance for revenue and free cash flow.

JPMorgan trimmed its price target on Kroger (KR) to $62 from $63 and kept a Neutral rating. The adjustment comes as the market weighs the impact of CEO Greg Foran's price-cut strategy, which aims to capture market share from competitors and may pressure short-term margins. Kroger's first-quarter revenue of $46.1 billion came in ahead of the $45.35 billion consensus forecast, and the retailer has projected a $400 million improvement in e-commerce profitability for 2026. It also spent $1.76 billion on stock repurchases.

Nickel Industries Limited (NIC) kept its B1 corporate family rating, with Moody's Ratings affirming the grade and the outlook stable. Adjusted EBITDA rose 46% to $247.6 million in the first half of 2026, helped by a 21% increase in nickel pig iron prices and commissioning phases at the company's E&C project. Nickel Industries is targeting $1 billion in EBITDA within two to three years, a goal Moody's said is supported by low-cost integration and tax concessions. The rating agency also cited a $260 million cash position and strengthening mining margins as supporting the credit profile. A resource upgrade at Sampala lifted the project's stated resource to more than 1 billion wet metric tonnes.