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Investing.com - Truist Securities raised its price target on CrowdStrike Holdings (NASDAQ:CRWD) to $550.00 from $500.00 on Thursday, while maintaining a Buy rating on the cybersecurity company’s stock. The new target aligns with the broader analyst community’s bullish stance, with current targets ranging from $330 to $610, according to InvestingPro data.
The price target adjustment follows CrowdStrike’s Fal.Con conference, where the company provided details regarding its fiscal year 2027 targets, total addressable market, new solutions and features, and long-term operational assumptions. The company’s strong momentum is reflected in its impressive 23.46% revenue growth and 66.78% stock return over the past year.
Truist Securities expressed continued impression with CrowdStrike’s pace of innovation and believes the company is well-positioned to benefit from ongoing tailwinds including vendor consolidation, artificial intelligence, and a heightened threat environment.
The investment firm’s analysts came away "incrementally more positive" from the user conference after speaking with numerous customers, according to their research note.
Truist views CrowdStrike as positioned to reaccelerate its net new annual recurring revenue (NNARR) growth in the second half of 2026 and beyond.
In other recent news, CrowdStrike Holdings has seen multiple updates from analysts following its Fal.Con 2025 conference in Las Vegas. Needham raised its price target for CrowdStrike to $535, citing a strong growth outlook and maintaining a Buy rating. Similarly, DA Davidson increased its price target to $515, also highlighting a positive growth perspective. Evercore ISI adjusted its target to $430, emphasizing the company’s focus on artificial intelligence and maintaining an "In Line" rating. RBC Capital reiterated its Outperform rating with a $510 price target, expressing continued confidence in CrowdStrike’s long-term potential. On the other hand, Guggenheim maintained a Neutral stance but noted the company’s acquisition of Pangea, an AI security firm, as a key event at the conference. These developments reflect a mix of optimism and caution from analysts regarding CrowdStrike’s future prospects.
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