Street Calls of the Week
Investing.com - Cantor Fitzgerald raised its price target on CrowdStrike Holdings (NASDAQ:CRWD) to $500.00 from $475.00 on Thursday, while maintaining an Overweight rating on the cybersecurity company’s stock. The company, currently valued at $112 billion, has delivered an impressive 67% return over the past year, with analyst targets ranging from $330 to $610.
The price target adjustment follows CrowdStrike’s Investor Briefing held on Wednesday in Las Vegas as part of the company’s Fal.Con 2025 event, where the company provided updates on its long-term financial targets.
Cantor Fitzgerald cited positive updates to CrowdStrike’s long-term financial targets, insights into the threat landscape, and the company’s vision for an agentic Security Operations Center (SOC) as key factors supporting the higher price target.
The firm also noted that the recent Onum and Pangea acquisitions by CrowdStrike contributed to its more optimistic outlook on the company’s prospects.
Cantor Fitzgerald’s decision was further supported by strong checks, net new annual recurring revenue (NNARR) guidance ahead of consensus, and conviction in CrowdStrike’s innovation roadmap.
In other recent news, CrowdStrike Holdings has seen a series of price target adjustments from multiple analyst firms following its recent events and presentations. Jefferies raised its price target to $515 while maintaining a Buy rating, citing the company’s expanding product portfolio in artificial intelligence and identity security. Similarly, Stifel increased its target to $515, highlighting CrowdStrike’s growth outlook and its strategy to target a $300 billion market by 2030. BMO Capital also adjusted its target to $500, emphasizing the company’s successful platform expansion and multiple growth vectors, including endpoint security and new customer acquisition. Morgan Stanley set a price target of $475, maintaining an Equalweight rating, after noting the benefits of platformization during CrowdStrike’s analyst day presentation. Mizuho raised its target to $475, maintaining a Neutral rating, following their attendance at the company’s annual user conference. These developments reflect a generally positive outlook from analysts regarding CrowdStrike’s future growth and strategic initiatives.
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