Raymond James increased its price target on CrowdStrike to $250 from $240 while maintaining an Outperform rating, citing accelerating demand for AI security solutions.
The upgrade follows CrowdStrike’s Fal.Con user conference, where executives highlighted robust adoption of its AI-powered security platforms. The company’s Falcon platform remains the core offering, while its Flex platform expands monetization opportunities by enabling broader AI security integrations for enterprise customers.
Wall Street’s consensus reflects a wide valuation range, with price targets spanning $119 to $300 and a majority of analysts maintaining Buy ratings. Jefferies kept its $240 target and Buy rating unchanged, while DA Davidson reiterated a $245 target and Buy rating. TD Cowen also held a $250 target with a Buy rating. Truist Securities raised its target to $300, the highest among tracked firms, citing CrowdStrike’s record quarter and growth trajectory.
CrowdStrike’s stock has surged 97% over the past year and 108% in the last six months, outpacing broader market gains. Analysts attribute the momentum to strong AI adoption across industries, with Nvidia, Anthropic, and CoreWeave designating CrowdStrike as their primary security platform. The company’s integration with Google Cloud further expands its enterprise AI ecosystem reach, offering runtime protection, continuous visibility, and safeguards against data leakage and malicious AI activities.
Jefferies forecasts CrowdStrike’s new annual recurring revenue will grow over 20% year-over-year by fiscal 2028, reinforcing confidence in its long-term growth potential.
