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On Wednesday, BMO Capital analysts raised the price target for CrowdStrike Holdings (NASDAQ: NASDAQ:CRWD) stock to $500 from $405, while maintaining an Outperform rating. The analysts highlighted CrowdStrike’s strong quarterly performance and comprehensive security portfolio as key factors in their decision. The stock, currently trading near its 52-week high of $491.20, has delivered an impressive 60% return over the past year, though InvestingPro analysis indicates it may be trading above Fair Value.
The analysts expressed confidence in CrowdStrike’s ability to sustain 20% top-line growth into fiscal year 2027, aligning with the company’s current revenue growth of 26% and projected 21% growth for the next fiscal year. They pointed to the company’s solid execution in research and development, as well as its go-to-market strategies.
Additionally, the analysts noted that the anniversary of CrowdStrike’s customer commitment packages is expected to boost annual recurring revenue growth in the second half of fiscal year 2026. Despite acknowledging the stock’s high valuation, they remain optimistic about its future performance.
The update follows a quarterly report that, while not spectacular, was deemed solid by BMO Capital. The firm believes CrowdStrike’s security offerings are among the most effective in the industry.
In other recent news, CrowdStrike Holdings has reported strong first-quarter 2026 results, surpassing FactSet consensus estimates for annual recurring revenue, earnings per share, and free cash flow. The company has raised its full-year guidance for operating income and EPS, although it maintained its revenue outlook. In a significant development, CrowdStrike has achieved over $1 billion in sales through its partnership with GuidePoint Security, marking a milestone in the cybersecurity industry. On the analyst front, Piper Sandler raised CrowdStrike’s stock price target to $505, citing growth prospects and maintaining an Overweight rating. Similarly, Susquehanna increased its price target to $530, expressing confidence in the company’s strategic initiatives and market position. Cantor Fitzgerald also reiterated an Overweight rating with a $475 price target, highlighting strong platform adoption and customer retention. Meanwhile, Bernstein SocGen adjusted its price target to $371, maintaining an Outperform rating despite recent challenges. These developments underscore CrowdStrike’s strong position and growth potential in the cybersecurity sector.
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