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On Friday, Cantor Fitzgerald analyst Jonathan Ruykhaver increased the price target for CrowdStrike Holdings (NASDAQ:CRWD) to $440.00 from the previous target of $410.00 and reaffirmed an Overweight rating on the stock. The cybersecurity giant, now valued at $93.66 billion, has seen its shares surge 37% over the past six months. Ruykhaver’s optimism stems from signs of a quicker recovery from the global outage that had previously dampened demand and pipeline generation for CrowdStrike’s services. According to InvestingPro data, the company maintains robust financials with a healthy current ratio of 1.86.
The analyst observed that the majority of partners are seeing a recovery "sooner rather than later," with little evidence of customer churn and a positive outlook on the potential for upselling. These factors contribute to the belief that CrowdStrike will surpass its net new annual recurring revenue (NNARR) estimates for the fourth quarter. The company’s impressive revenue growth of 31.35% and strong gross profit margin of 75.24% support this optimistic outlook. Additionally, Ruykhaver highlighted the company’s growing traction in emerging categories such as cloud, identity, and Security Information and Event Management (SIEM).
The updated price target also reflects confidence in CrowdStrike’s preliminary guidance for the fiscal year 2026, which supports the expectation of a second half reacceleration in growth. According to Ruykhaver, these elements are likely to bolster the long-term fundamental thesis for CrowdStrike’s stock. InvestingPro analysis reveals 12 additional key insights about CrowdStrike’s financial health and growth prospects, with the platform’s overall assessment indicating GOOD financial health.
CrowdStrike, known for its cybersecurity solutions, has been navigating through a challenging period marked by a global outage that affected many technology companies. Despite these headwinds, the company’s resilience and the positive indicators from its partners suggest a robust recovery and potential for expansion in its product offerings.
The analyst’s revised price target and maintained rating indicate a belief in CrowdStrike’s ability to overcome the recent challenges and capitalize on the emerging opportunities in the cybersecurity sector. This news could influence investor sentiment as they consider CrowdStrike’s prospects in an increasingly digital and security-conscious market landscape.
In other recent news, CrowdStrike Holdings has seen several analysts raise their stock price targets, reflecting optimism about the company’s financial prospects. Rosenblatt Securities increased its price target to $450, maintaining a Buy rating, and highlighted expectations for a 22% year-over-year revenue growth in the upcoming quarter. UBS also lifted its target to $450, citing a positive long-term outlook despite mixed short-term conditions. BofA Securities revised its target to $420, anticipating performance in line with or exceeding Wall Street estimates, especially during the significant contract renewal cycle. TD Cowen joined in by raising its price target to $450, expressing confidence in CrowdStrike’s revenue growth and strong net retention rates.
Additionally, CrowdStrike announced a strategic partnership with Orange Cyberdefense to enhance cybersecurity offerings in Europe and North Africa. This collaboration aims to improve security services for small and medium-sized businesses through the integration of the CrowdStrike Falcon platform. The partnership underscores CrowdStrike’s commitment to expanding its global reach and strengthening its market position. These developments come as the company prepares to release its fourth-quarter earnings report, with analysts watching closely for any confirmation of the company’s projected growth.
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