Is this U.S.-China selloff a buy? A top Wall Street voice weighs in
Investing.com - DA Davidson raised its price target on CrowdStrike Holdings (NASDAQ:CRWD) to $515.00 from $490.00 on Thursday, while maintaining a Buy rating following the second day of the company’s Fal.Con 2025 conference in Las Vegas. The stock, currently trading near its 52-week high of $517.98, has delivered an impressive 66.78% return over the past year.
The firm noted that while new product announcements were more limited during day two compared to the opening day, demonstrations of agentic agents during the keynote presentation were compelling.
DA Davidson was particularly impressed by CrowdStrike’s Investor Session, which revealed a target of over 20% year-over-year net new annual recurring revenue (NNARR) growth for fiscal year 2027, exceeding consensus expectations of 14.5% growth.
The company’s growth projections imply annual recurring revenue (ARR) growth of approximately 22% year-over-year, compared to consensus estimates of 21%, according to the research firm.
CrowdStrike also introduced a new fiscal year 2036 ARR target of $20 billion, which DA Davidson considers achievable with a 15% compound annual growth rate from FY2031 to FY2036, alongside a reiterated FY2029 target operating model featuring 28-32% operating margins and 34-38% free cash flow margins.
In other recent news, CrowdStrike has seen a series of positive developments following its Fal.Con 2025 event and related conferences. Needham raised its price target for CrowdStrike to $535 from $475, maintaining a Buy rating, after the company outlined strong growth projections. Similarly, Cantor Fitzgerald increased its price target to $500 from $475, citing a strong outlook presented during the company’s Investor Briefing. RBC Capital reiterated its Outperform rating with a $510 price target, affirming a bullish long-term view after hearing from management and partners about future opportunities.
Evercore ISI adjusted its price target to $430 from $405 while keeping an "In Line" rating, noting the focus on artificial intelligence as a significant opportunity. Meanwhile, Guggenheim maintained a Neutral rating after the company announced the acquisition of Pangea, a firm specializing in AI security, during its conference. These analyst updates reflect a generally optimistic sentiment among analysts regarding CrowdStrike’s future prospects.
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