CrowdStrike stock maintains Buy rating at TD Cowen on strong growth

Investing.com - TD Cowen has reiterated its Buy rating and $500.00 price target on CrowdStrike Holdings (NASDAQ:CRWD), currently valued at $107 billion, following the cybersecurity company’s solid second-quarter results. According to InvestingPro data, 31 analysts have recently revised their earnings estimates upward, with price targets ranging from $330 to $610.

The company reported record second-quarter net new annual recurring revenue (NNARR) of $221 million, representing a 1% year-over-year increase, according to TD Cowen analyst Shaul Eyal.

Management has guided for NNARR and overall annual recurring revenue (ARR) acceleration in the second half of fiscal year 2026, signaling confidence in continued growth.

TD Cowen identified several factors supporting CrowdStrike’s near-term momentum, including a stabilizing macroeconomic environment and further expansion of non-EDR (Endpoint Detection and Response) modules, which grew over 40% year-over-year.

Additional growth drivers highlighted by the research firm include Flex and Re-Flex customers accelerating platform adoption, and increasing demand for generative AI solutions within CrowdStrike’s product ecosystem.

In other recent news, CrowdStrike Holdings has reported its fiscal second-quarter results, revealing a solid performance in annual recurring revenue (ARR), which surpassed expectations by $15 million. This positive outcome, however, was slightly below the company’s trailing twelve-month average beat of $23 million. Despite this, CrowdStrike managed to deliver an upside on revenue and margins for the quarter. Analysts at RBC Capital and KeyBanc have reiterated their positive outlooks on the company, maintaining Outperform and Overweight ratings, respectively, with price targets of $510 and $495. Cantor Fitzgerald also reiterated an Overweight rating with a price target of $475, noting that while the company beat expectations, its conservative guidance metrics might have contributed to a share price decline in aftermarket trading. Rosenblatt Securities adjusted its price target to $490, citing the tempered investor enthusiasm due to the conservative guidance. Meanwhile, Bernstein lowered its price target to $343, pointing to underwhelming guidance and a decline in year-over-year subscription growth. These developments highlight a mix of positive earnings results and cautious future guidance from CrowdStrike.

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