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Investing.com - Evercore ISI raised its price target on CrowdStrike Holdings (NASDAQ:CRWD) to $430 from $405 while maintaining an "In Line" rating following the company’s annual customer conference and analyst day in Las Vegas. Currently trading at $492.17, CrowdStrike is approaching its 52-week high of $517.98, though InvestingPro analysis suggests the stock is trading above its Fair Value.
The firm noted that artificial intelligence was a key focus at the event, with management highlighting the "agentic revolution" as a "100x opportunity." CrowdStrike drew an analogy between endpoint detection and response (EDR) ubiquity and its vision for AI Detection & Response (AI-DR) across all non-human identities.
Concerns about customer churn following last year’s outage have largely subsided, according to Evercore ISI. Partner feedback indicated no attrition, and customers are not reevaluating vendors at renewal time, though the firm noted buyers are increasingly pressured to deliver more with less.
The firm reported mixed feedback on CrowdStrike’s Complete Platform (CCP), with some renewal customers indicating low intent to adopt what they were given due to perceived value mismatches with current pricing. Based on conversations, Evercore ISI believes 100% CCP renewal rates appear unlikely.
Customer response to Falcon Flex was also mixed with a slight positive tilt, though it didn’t suggest an inflection point, according to the firm. Partners expressed desire for unused Flex dollars to apply to services, while management currently restricts Flex spending to product-related revenue to preserve alignment with recurring revenue.
In other recent news, CrowdStrike Holdings has been the focus of multiple analyst updates following its Fal.Con 2025 event. The company announced the acquisition of Pangea, a firm specializing in AI security, during the conference, which was attended by over 8,000 people. RBC Capital reiterated its Outperform rating for CrowdStrike with a price target of $510, expressing a positive long-term outlook after hearing from management and partners. Needham also raised its price target to $535, maintaining a Buy rating, citing strong growth projections presented at the conference. Cantor Fitzgerald increased its price target to $500, holding an Overweight rating, based on the company’s long-term financial targets shared at the Investor Briefing. Morgan Stanley adjusted its price target to $475, maintaining an Equalweight rating, and highlighted the benefits of platformization in the context of rising AI-related risks. Guggenheim maintained a Neutral rating, noting the company’s new product announcements at the event. These developments reflect a broad spectrum of analyst opinions, with a general consensus on CrowdStrike’s promising outlook.
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