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On Wednesday, Scotiabank (TSX:BNS) analysts adjusted the price target for CrowdStrike Holdings (NASDAQ: NASDAQ:CRWD) stock, raising it to $480 from the previous $370. With the stock currently trading at $488.76 and a market capitalization of $121.7 billion, the analysts maintained a Sector Perform rating for the cybersecurity firm. According to InvestingPro analysis, the stock appears to be trading above its Fair Value.
The adjustment follows CrowdStrike’s recent quarterly performance, which showed pockets of strength but left some questions unanswered. The firm’s revenue grew 25.94% over the last twelve months, and its fiscal 2026 target was maintained. The stock has surged 42.85% year-to-date and is now trading near its 52-week high of $491.20, though analysts noted potential investor disappointment due to these in-line results.
Management attributed the revenue figures to an accounting quirk, expressing optimism about the company’s prospects. However, they pointed to concerns about the maturing core endpoint market and other factors affecting growth. InvestingPro subscribers can access 13 additional key insights and a comprehensive Pro Research Report about CrowdStrike’s financial health and growth prospects.
The analysts highlighted the noisy nature of CrowdStrike’s net new annual recurring revenue (ARR) metric, influenced by customer commitment packages, the Carahsoft Federal deal, and contributions from Adaptive Shield. They affirmed CrowdStrike’s status as a leading cybersecurity platform but cited the current valuation as a reason to remain cautious.
Despite the price target increase, the analysts emphasized that their earnings estimates for CrowdStrike are unlikely to rise following the latest financial results, leading them to maintain their current rating.
In other recent news, CrowdStrike Holdings has been the focus of multiple analyst reports following its latest financial results. The company reported a net new annual recurring revenue (NNARR) of $194 million for the first quarter, exceeding expectations by 11%, though first-quarter revenue was slightly below guidance due to an outage-related discounting program. UBS analysts maintained a Buy rating with a $545 price target, citing strong business momentum and a significant year-over-year growth in its Security Information and Event Management (SIEM) segment. Meanwhile, DA Davidson raised its price target to $530, highlighting CrowdStrike’s robust performance and increased guidance for fiscal year 2026 operating profit and earnings per share.
Raymond (NSE:RYMD) James also raised its price target to $485, maintaining an Outperform rating, while noting CrowdStrike’s forward guidance exceeded expectations for NNARR. In contrast, BofA Securities downgraded the stock to neutral, expressing concerns about valuation despite acknowledging the company’s strong fundamentals. JPMorgan maintained an Overweight rating with a $500 price target, pointing out mixed results in recent quarterly performance but highlighting healthy platform adoption. Additionally, CrowdStrike announced a $1 billion share repurchase program and increased its fiscal year 2027 non-GAAP operating profitability expectations to at least 24%. These developments reflect a diverse range of analyst opinions and ongoing interest in CrowdStrike’s growth trajectory.
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