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On Wednesday, Bernstein SocGen Group analysts raised the price target for CrowdStrike Holdings (NASDAQ:CRWD) stock to $371 from $347, while maintaining an Outperform rating. The adjustment follows CrowdStrike’s first-quarter fiscal year 2026 earnings, which met the midpoint of the company’s guidance but did not exceed expectations. Currently trading at $488.76, near its 52-week high of $491.20, the stock has delivered impressive returns of nearly 43% year-to-date. According to InvestingPro analysis, the stock appears to be trading above its Fair Value, with analyst targets ranging from $321 to $550.
During the earnings call and subsequent discussions, CrowdStrike addressed concerns about potential risks but emphasized its strong demand and anticipated growth acceleration in the second half of the year. The company pointed to positive signals from channel checks and other industry earnings reports as indicators of a rebound in demand in May. This optimism is supported by the company’s robust revenue growth of 26% and strong financial health score, as reported by InvestingPro, which offers 15+ additional insights about CrowdStrike’s performance and outlook in its comprehensive Pro Research Report.
Bernstein SocGen’s revised model accounts for the recent weaker-than-expected first quarter but anticipates a recovery in growth, projecting approximately 116% net revenue retention by the start of fiscal year 2027. The analysts employed a combination of multiples regression and a discounted cash flow model to arrive at the new price target.
The decision to maintain an Outperform rating reflects confidence in CrowdStrike’s ability to capitalize on market demand and achieve growth targets despite recent challenges.
In other recent news, CrowdStrike Holdings announced its fiscal first-quarter 2026 results, showcasing strong annual recurring revenue (ARR) performance, although revenue was slightly below expectations. This has led Stephens to raise its price target for CrowdStrike stock to $540, citing a positive growth outlook. Similarly, Scotiabank (TSX:BNS) increased its price target to $480, maintaining a Sector Perform rating while acknowledging CrowdStrike’s alignment with its guidance and ongoing concerns about market maturity. Meanwhile, BofA Securities downgraded CrowdStrike to neutral, adjusting the price target to $470 due to concerns about valuation despite an anticipated growth acceleration in the second half of the fiscal year. UBS reiterated its Buy rating with a $545 price target, highlighting CrowdStrike’s strong net new ARR and free cash flow performance. Raymond (NSE:RYMD) James also raised its price target to $485, maintaining an Outperform rating, and noted optimism about CrowdStrike’s potential to convert free programs into stable revenue. These developments reflect a mixed sentiment among analysts, with a focus on growth prospects and valuation considerations.
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