Street Calls of the Week
Investing.com - Bernstein reiterated its Market Perform rating and $343.00 price target on CrowdStrike Holdings (NASDAQ:CRWD), currently trading at $484.10, following the company’s three-day Fal.Con event last week. According to InvestingPro data, analyst targets range from $330 to $610, with 40 analysts recently revising their earnings estimates upward.
The stock moved more than 10% higher after the event, suggesting investors responded positively to the company’s announcements and demonstrations. This surge contributes to CrowdStrike’s impressive 67.8% return over the past year, with the stock now trading near its 52-week high of $517.98.
CrowdStrike extended its long-term guidance, projecting annual recurring revenue (ARR) of $20 billion by fiscal year 2036, representing approximately 15% CAGR from its previous target of $10 billion in fiscal year 2031.
The company also reiterated that its net new ARR growth remains elevated at over 40% in the second half of fiscal year 2026, though Bernstein notes this growth rate benefits from easier comparisons.
CrowdStrike emphasized that its fiscal year 2036 target of $20 billion reflects confidence in applying Artificial General Intelligence and Agentic AI to position itself as the end-to-end security platform of the future, with demonstrations of these capabilities receiving positive reception.
In other recent news, CrowdStrike Holdings has seen several analysts raise their price targets for the company’s stock. Citizens JMP increased its target to $550, maintaining a Market Outperform rating, while UBS raised its target to $580, citing positive financial updates and increased customer engagement with the Falcon platform. Rosenblatt Securities also raised its target to $550, reflecting a projected 21% year-over-year growth. Meanwhile, Canaccord Genuity adjusted its target to $500, noting strong business execution and expansion within the Flex customer base.
Additionally, KPMG announced plans to integrate CrowdStrike’s Falcon Next-Gen SIEM into its service offerings, aiming to enhance its cybersecurity services. This integration will allow KPMG to deliver new advisory, implementation, and managed services to clients. These developments highlight CrowdStrike’s ongoing strategic partnerships and positive reception from the analyst community.
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