TD Cowen raised its price target on cybersecurity firm CrowdStrike Holdings Inc. to $250 from $235, maintaining a buy rating as the company reported accelerating growth driven by artificial intelligence adoption.
The upgrade follows CrowdStrike’s fiscal second-quarter results, which showed net new annual recurring revenue (ARR) rising 51% year-over-year to $1.47 billion, surpassing Wall Street estimates. Adjusted earnings per share came in at $0.31, in line with expectations. Shares were trading at $189.18 at the time of the report, up 79% over the past 12 months.
TD Cowen cited CrowdStrike’s Falcon platform as a key beneficiary of corporate AI integration, which is expanding the cybersecurity threat landscape and increasing demand for endpoint detection and response solutions. The firm described the quarter as an inflection point for growth acceleration in the coming periods.
Other analysts also adjusted their targets: Jefferies raised its price target to $240, while Mizuho set its target at $250. Baird lowered its target to $230 but maintained an outperform rating. Citizens reiterated an outperform recommendation, commending CrowdStrike’s leadership.
For the full fiscal year 2027, CrowdStrike raised its annual recurring revenue guidance to a midpoint of $6.608 billion, $63 million above the consensus estimate. The company’s stock performance has outpaced broader market trends, with InvestingPro’s Fair Value estimate suggesting potential upside despite current valuation concerns.
The upgrades reflect growing confidence in CrowdStrike’s positioning within the AI-enhanced cybersecurity sector, as enterprises prioritize advanced threat detection amid rising digital transformation initiatives.
