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On Wednesday, TD Cowen maintained a positive outlook on CrowdStrike Holdings (NASDAQ:CRWD), reiterating a Buy rating and a $450.00 price target. Shaul Eyal, the firm’s analyst, highlighted CrowdStrike’s strong year-end performance, noting a 40% year-over-year increase in total FY25 contract value, reaching $6 billion. The cybersecurity firm’s fourth quarter showcased a 25% revenue growth, a 23% increase in Annual Recurring Revenue (ARR), and a substantial rise in Net New ARR. According to InvestingPro data, CrowdStrike maintains robust growth with a 31.35% revenue increase over the last twelve months, while demonstrating strong financial health with an overall "GOOD" rating.
The fourth quarter for CrowdStrike was marked by a record number of large deals and significant contributions from emerging endpoint products. Despite maintaining long-term ARR targets, CrowdStrike adjusted its FY26 earnings per share (EPS) projections to account for normalized tax rates and costs related to outages. InvestingPro analysis reveals the company is trading above its Fair Value, though it maintains strong fundamentals with a current ratio of 1.86 and operates with moderate debt levels. InvestingPro subscribers have access to 10+ additional key insights about CRWD’s valuation and growth prospects.
CrowdStrike reaffirmed its goal to achieve $10 billion in ARR by the end of FY31 and to meet its long-term operating model by FY29. The company also anticipates an acceleration in ARR growth in 2027 compared to 2026. With an estimated Current Year 2025 Total (EPA:TTEF) Addressable Market (TAM) of $116 billion, expected to grow to $250 billion by CY29 at a compound annual growth rate (CAGR) of 21%, CrowdStrike positions itself to capitalize on the robust demand in cybersecurity and artificial intelligence.
Eyal’s endorsement of CrowdStrike’s stock is based on the company’s potential to translate the increasing demand into accelerated top-line growth and continued margin expansion. The reaffirmed $450 price target is set at 18 times the firm’s FY27 estimated revenue.
In other recent news, CrowdStrike Holdings has reported strong financial results, with revenue guidance meeting expectations, although a change in tax methodology impacted the earnings per share guidance. RBC Capital Markets adjusted its price target for CrowdStrike to $460 from $495, maintaining an Outperform rating, while highlighting the company’s total contract value for fiscal year 2025, expected to surpass $6 billion. Truist Securities maintained a Buy rating and a $460 price target, noting CrowdStrike’s performance exceeded expectations across all metrics, attributing success to the growing acceptance of its Falcon Flex (NASDAQ:FLEX) offering. Meanwhile, Bernstein SocGen Group reduced its price target to $347 from $365, citing ongoing repercussions from a service outage, but still affirmed an Outperform rating. DA Davidson raised its price target to $415 from $395, maintaining a Buy rating, following strong fourth-quarter performance, though noting guidance for fiscal year 2026 did not meet market expectations. Piper Sandler increased its price target to $400 from $375, maintaining an Overweight rating, acknowledging CrowdStrike’s resilience post-outage and its slight revenue guidance increase for fiscal year 2026. These developments reflect a mix of optimism and caution among analysts regarding CrowdStrike’s future performance and strategic positioning.
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