Citizens Financial Group reiterated its Market Outperform rating on CrowdStrike with a price target of $230, citing sustained momentum in the cybersecurity firm’s product suite and AI integration. The analyst’s outlook aligns with CrowdStrike’s recent quarterly performance, which showed adjusted earnings of $0.31 per share on revenue of $1.47 billion.
The stock, trading at $189.18 at publication, implies a 22% upside to Citizens’ target. CrowdStrike’s shares have surged 79% over the past year and more than doubled in the last six months, supported by a 23% revenue increase in the prior 12 months and a gross profit margin of 75%. The company also raised its fiscal 2027 annual recurring revenue guidance to $6.608 billion, exceeding consensus estimates by $63 million and reflecting 25.8% year-over-year growth.
Jefferies separately upgraded its price target on CrowdStrike to $240 from $230, maintaining a Buy rating. The upgrades follow CrowdStrike’s upward revision to its full-year outlook, driven by demand for AI-focused products such as Falcon Cloud Security, Falcon Identity Protection, and Next-Gen SIEM offerings. Analysts noted the company’s rapid response to emerging AI opportunities and its expansive, underpenetrated product portfolio as key advantages amid broader discussions on platform consolidation in cybersecurity.
Citizens highlighted CrowdStrike’s leadership for capitalizing on the so-called "Mythos moment," while Jefferies emphasized the role of frontier AI risks in accelerating platform consolidation trends that benefit CrowdStrike’s market position.
