Street Calls of the Week
AUSTIN, Texas - KPMG plans to integrate CrowdStrike’s Falcon Next-Gen SIEM into its professional service offerings and adopt the company’s Engagement Licensing Program (ELP) to expand its cybersecurity services, according to a press release issued Monday. CrowdStrike (NASDAQ:CRWD), now valued at $126 billion and growing revenue at 23% year-over-year, has established itself as a leader in the cybersecurity space. According to InvestingPro data, the company maintains strong liquidity with current assets nearly double its short-term obligations.
The accounting and professional services firm will use the Falcon platform to deliver new advisory, implementation, and managed services to clients looking to modernize their security operations centers (SOCs).
Through the expanded collaboration, KPMG aims to help organizations transform their security operations with AI-powered technology that can accelerate threat detection and response capabilities.
"This alliance empowers organizations to elevate protection and streamline operations through advanced AI and automation, simplifying the journey through today’s complex cyber threat landscape," said Jason Haward-Grau, principal cybersecurity at KPMG LLP, in the statement.
The Falcon Next-Gen SIEM platform unifies data from the Falcon platform and third-party sources with threat intelligence and automation features. According to the release, the system delivers up to 80% lower costs and 150% faster search capabilities compared to legacy security information and event management solutions.
As part of the agreement, KPMG will serve as an approved implementation partner for the Next-Gen SIEM platform, helping enterprises transition from older systems.
Daniel Bernard, chief business officer at CrowdStrike (NASDAQ:CRWD), noted that "Falcon Next-Gen SIEM is the engine powering the modern SOC."
The announcement comes as organizations face increasingly sophisticated cyber threats that leverage artificial intelligence, requiring more advanced security solutions to maintain effective defenses. Based on InvestingPro Fair Value analysis, CrowdStrike appears to be trading at premium valuations, reflecting strong investor confidence in its growth potential. Subscribers can access the comprehensive Pro Research Report for detailed insights into CrowdStrike’s competitive position and growth prospects.
In other recent news, CrowdStrike Holdings has seen several analysts adjust their stock price targets following recent company developments. Rosenblatt Securities increased its price target for CrowdStrike to $550, citing a projected 21% year-over-year growth and maintaining a Buy rating. Canaccord Genuity also raised its target to $500, reflecting strong business execution and early expansion within the company’s Flex customer base, while keeping a Hold rating. Truist Securities matched Rosenblatt’s target increase to $550, based on a positive outlook shared at CrowdStrike’s Fal.Con conference, where the company discussed its fiscal year 2027 targets and new solutions.
DA Davidson raised its price target to $515 after observing strong growth prospects at the Fal.Con 2025 conference, despite limited new product announcements on the second day. Evercore ISI adjusted its target to $430, highlighting the company’s focus on artificial intelligence and the potential of AI Detection & Response technology. The company’s recent events and strategic focus have prompted these varied evaluations from analysts, indicating a generally positive sentiment towards CrowdStrike’s future performance.
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