Webull beats Q3 expectations as revenue jumps 55% on strong trading
Investing.com - Berenberg initiated coverage on CrowdStrike Holdings (NASDAQ:CRWD) with a Hold rating and a $600.00 price target on Tuesday. The cybersecurity giant, currently trading at $529.78 with a market cap of $133 billion, is approaching its 52-week high of $566.90.
The research firm acknowledged CrowdStrike as "one of the most compelling long-duration growth stories in cybersecurity," citing its cloud-native single-agent architecture as a key differentiator in the market. This growth narrative is supported by CrowdStrike’s impressive 23.46% revenue growth, with the company generating $4.34 billion in revenue over the last twelve months.
Berenberg noted that CrowdStrike has significantly expanded its total addressable market (TAM) from $25 billion in fiscal year 2019 to an estimated $140 billion in fiscal year 2026, with projections reaching $300 billion by fiscal year 2030.
The firm highlighted CrowdStrike’s consistent land-and-expand strategy, which has resulted in approximately 112% net revenue retention (NRR), demonstrating the company’s ability to grow revenue within existing customer accounts.
Berenberg identified platform consolidation as "the defining theme in enterprise security" and positioned CrowdStrike as "one of the few vendors able to deliver this at scale," though this strength appears already reflected in the current valuation.
In other recent news, CrowdStrike has been the focus of several key developments. Cantor Fitzgerald raised its price target for CrowdStrike to $590, citing strong momentum in platform consolidation and a positive outlook for the fiscal year 2027. Similarly, Stifel increased its price target to $600, following a survey of value-added resellers that indicated modest growth improvements. Meanwhile, CrowdStrike has announced a strategic partnership with F5 Inc. to enhance network edge security, integrating its Falcon Sensor and OverWatch capabilities into F5’s BIG-IP solutions. In another collaboration, CrowdStrike teamed up with CoreWeave to secure AI cloud infrastructure, combining their respective technologies to protect AI workloads. Additionally, CrowdStrike launched a multilingual support program in Europe, allowing strategic distributors to deliver support in multiple languages, thereby expanding service capacity across the region. These developments highlight CrowdStrike’s ongoing efforts to strengthen its market position and expand its technological reach.
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