Nvidia shares pop as analysts dismiss AI bubble concerns
Investing.com - TD Cowen has reiterated its Buy rating on CrowdStrike Holdings (NASDAQ:CRWD) with a price target of $580.00, representing potential upside from the current price of $517.06. The broader analyst consensus aligns with this bullish outlook, with an average recommendation of 1.9 (strong buy) and targets ranging from $330 to $706.
The firm expects CrowdStrike to report solid third-quarter fiscal 2026 results driven by strong overall demand and increasing traction for modules beyond the company’s core Endpoint Detection and Response (EDR) offerings. With earnings scheduled for December 2nd, InvestingPro data shows the company’s revenue growing at 23.46% with analysts forecasting profitability this year despite currently trading above its Fair Value.
TD Cowen believes CrowdStrike’s Flex and Re-Flex subscription options will boost demand from large enterprise clients, accelerating platform adoption across its customer base. The company’s impressive 74.16% gross profit margin and $4.34 billion in revenue reflect its strong market position.
The research firm referenced Cisco’s recent results as an indicator that security players like CrowdStrike are gaining share in the next-generation Security Information and Event Management (SIEM) market.
These security companies are targeting Splunk’s approximately $2.5 billion or more in security revenue, according to TD Cowen’s analysis.
In other recent news, CrowdStrike Holdings has seen several significant developments. Analysts at Cantor Fitzgerald raised their price target for the company to $590 from $500, maintaining an Overweight rating. They cited positive momentum in platform consolidation and a strong initial outlook for fiscal year 2027 as key factors. Similarly, Stifel increased its price target to $600 from $515, highlighting modest improvements in growth rates based on a survey of value-added resellers. Meanwhile, Berenberg initiated coverage with a Hold rating and a $600 price target, emphasizing CrowdStrike’s unique cloud-native architecture.
In strategic moves, CrowdStrike announced two partnerships aimed at enhancing its security offerings. The company teamed up with F5 Inc. to integrate its Falcon Sensor and OverWatch capabilities into F5’s BIG-IP network solutions, extending detection and response capabilities to network appliances. Additionally, CrowdStrike partnered with CoreWeave to secure AI cloud infrastructure, combining their Falcon security system with CoreWeave’s AI cloud platform. These collaborations aim to bolster security measures for critical application traffic and AI workloads.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.