On Nov 28, major Wall Street analysts update their ratings for $CrowdStrike (CRWD.US)$, with price targets ranging from $370 to $415.
Citi analyst Fatima Boolani maintains with a buy rating, and adjusts the target price from $300 to $400.
UBS analyst Roger Boyd maintains with a buy rating, and adjusts the target price from $310 to $396.
Jefferies analyst Joseph Gallo maintains with a buy rating, and adjusts the target price from $345 to $415.
Evercore analyst Peter Levine maintains with a buy rating, and maintains the target price at $400.
Guggenheim analyst John Difucci maintains with a hold rating.
Furthermore, according to the comprehensive report, the opinions of $CrowdStrike (CRWD.US)$'s main analysts recently are as follows:
Crowdstrike reported an impressive milestone revenue quarter of $1B, coupled with healthy operating leverage despite the realization of outage costs. The company's near-term business momentum has been notably affected by the July outage, with prudent expectations that this could extend into Q4 renewals, potentially leading to lower consolidation of the shares.
Although recent trends indicate considerable effects from the aftermath of an outage, there is optimism as the company demonstrates strong customer retention alongside sustained momentum for upsell and cross-sell opportunities. While the current customer retention initiatives are temporarily affecting net new annual recurring revenue and free cash flow, it is anticipated that these pressures will lessen in the latter half of FY26, leading to an acceleration in growth.
Crowdstrike exceeded expectations in all guided metrics during Q3. The company's relatively stable Gross Retention underscores the effectiveness of management's strategy and the company's overall ability to turn a crisis into an opportunity. Furthermore, management's cautious approach regarding the company's reduced visibility is seen as appropriate.
Crowdstrike's recent results were considered 'reasonable,' yet their net new annual recurring revenue upside, alongside the implied January quarter ARR, may have slightly missed the consensus expectations. Continuous headwinds from enhanced customer commitment packages are anticipated to push consensus ARR estimates lower in the upcoming quarters. Despite these challenges, the company's robust execution and the strength of its portfolio and customer packages are expected to progressively consolidate security spend over time.
CrowdStrike demonstrated robust performance in the third quarter, surpassing both top and bottom line expectations, whilst continuing to show strong gross retention and module adoption post the 7/19 outage. It's anticipated that the stock will stay within a certain range until there is more clarity on the adjustments from ARR to NNARR re-acceleration projected for the second half of 2026. Despite these adjustments, the long-term growth prospects for CrowdStrike are still viewed positively.
Here are the latest investment ratings and price targets for $CrowdStrike (CRWD.US)$ from 10 analysts:
Note:
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