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Investing.com - Truist Securities has reiterated its Buy rating and $500.00 price target on CrowdStrike Holdings (NASDAQ:CRWD), currently trading at $422.48, following a meeting with the company’s CFO Burt Podbere. According to InvestingPro data, the stock has delivered a remarkable 69.5% return over the past year, with analyst targets ranging from $330 to $610.
The meeting took place at the Truist Securities Technology Symposium on Thursday, according to analyst Junaid Siddiqui, who expressed increased optimism about CrowdStrike’s second-half fiscal 2026 net new annual recurring revenue (ARR) reacceleration. This optimism is supported by strong fundamentals, with InvestingPro data showing a healthy 74.2% gross profit margin and 23.5% revenue growth in the last twelve months.
Siddiqui noted that the expected growth would be driven by strength in CrowdStrike’s emerging businesses and the effectiveness of the company’s Flex licensing model.
The analyst also highlighted CrowdStrike’s goal of achieving $10 billion in Total ARR by fiscal year 2031, a key long-term target for the cybersecurity firm.
During the meeting, Truist Securities gained additional insights into CrowdStrike’s approach to mergers and acquisitions (M&A) and artificial intelligence (AI), though specific details about these strategies were not disclosed in the report.
In other recent news, CrowdStrike Holdings has reported impressive second-quarter results that exceeded expectations across several metrics, prompting management to raise its fiscal year 2026 guidance. The company achieved a record net new annual recurring revenue (NNARR) of $221 million, representing a 1% year-over-year increase. Despite this, UBS adjusted its price target for CrowdStrike to $500 from $545, citing concerns that the NNARR was near the low end of expectations, which raised questions about the company’s second-half revenue guidance.
Meanwhile, several analyst firms have reiterated their positive outlook on CrowdStrike. Truist Securities maintained its Buy rating, highlighting strong platform demand and successful adoption of the Falcon Flex offering. TD Cowen also reiterated a Buy rating with a $500 price target, while RBC Capital maintained an Outperform rating with a price target of $510, citing a favorable ARR outlook. KeyBanc reiterated an Overweight rating, noting a solid beat on annual recurring revenue and positive performance on revenue and margins for the quarter. These developments underscore continued strong interest and positive sentiment among analysts regarding CrowdStrike’s future performance.
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