Citizens Financial Group maintained a Market Outperform rating on CrowdStrike Holdings with a price target of $230, citing robust product adoption and sustained revenue growth. The firm’s outlook follows the cybersecurity firm’s fiscal second-quarter results, which exceeded expectations.
CrowdStrike reported adjusted earnings of 31 cents per share on revenue of $1.47 billion, surpassing Wall Street estimates. The company also raised its annual recurring revenue forecast for fiscal 2027 to $6.61 billion at the midpoint, up $63 million from prior consensus. This represents a projected 25.8% year-over-year increase.
Citizens noted CrowdStrike’s revenue grew 23% over the last twelve months, supported by a 75% gross profit margin. The stock has surged 79% over the past year and more than doubled in the last six months, trading at $189.18, up 2.05% on the day. The implied upside to Citizens’ target stands at approximately 22%.
InvestingPro’s fair-value analysis currently flags CrowdStrike as overvalued relative to its assessed intrinsic value. Separately, Jefferies raised its price target to $240 while maintaining a Buy rating.
