Rubrik Stock Plunges 50% After SaaS Downturn

Analyst sees 100% upside potential despite recent losses for cloud data management firm.

Published on Feb. 9, 2026

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Rubrik, Inc., a cloud data management company, has seen its stock price plummet nearly 50% from its peak of $97 per share in June 2025 to the current level of $51 per share. However, analyst Amrita Roy believes the stock has significant upside potential of 100% due to strong revenue growth and net revenue retention.

Why it matters

Rubrik's performance is seen as a bellwether for the broader SaaS industry, which has faced headwinds amid macroeconomic uncertainty. The company's ability to maintain high growth and customer retention during this downturn could signal its resilience and long-term potential.

The details

Rubrik reported 48% revenue growth and 120% net revenue retention in its latest quarter, indicating strong demand for its AI-powered data security and management solutions. Despite the stock's recent decline, the analyst believes Rubrik's fundamentals remain strong and sees potential for the stock to double in value.

  • Rubrik's stock peaked at $97 per share in June 2025.
  • Rubrik's stock is currently trading at $51 per share, down nearly 50% from its peak.

The players

Rubrik, Inc.

A cloud data management company that provides AI-powered data security and management solutions.

Amrita Roy

A boutique family office fund manager in Vancouver who leads the investment strategy for the fund and writes the award-winning newsletter The Pragmatic Optimist.

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What they’re saying

“Rubrik, Inc. maintains 48% revenue growth and 120% NRR as AI security demand drives a potential 100% stock upside.”

— Amrita Roy, Analyst (Seeking Alpha)

The takeaway

Rubrik's ability to maintain strong growth and customer retention during the current SaaS downturn suggests the company's resilience and long-term potential, despite the recent stock price decline. This could signal opportunities for investors in the cloud data management sector.