CrowdStrike Holdings: Neutral Maintained, PT Raised to $465 by Macquarie

CrowdStrike Holdings: Neutral Maintained, PT Raised to $465 by Macquarie

Macquarie has maintained its Neutral rating on CrowdStrike Holdings (CRWD) but raised its price target to $465 from $430, reflecting the company's solid second-quarter performance and the potential for growth in its cybersecurity solutions. According to Macquarie analyst, the increase in the price target is driven by the company's strong earnings and the expected expansion of its non-EDR modules.

CrowdStrike reported record net new annual recurring revenue (NNARR) of $221 million for the second quarter, representing a 1% year-over-year increase. The company's management guided for NNARR and overall annual recurring revenue (ARR) acceleration in the second half of fiscal year 2026, signaling confidence in continued growth. TD Cowen, another research firm, reiterated its Buy rating and $500 price target on CrowdStrike, citing factors such as a stabilizing macroeconomic environment and the growth of non-EDR modules [1].

Analysts at RBC Capital and KeyBanc have also maintained their positive outlooks on the company, with price targets of $510 and $495, respectively. Meanwhile, Cantor Fitzgerald reiterated an Overweight rating with a price target of $475, noting that while the company beat expectations, its conservative guidance metrics might have contributed to a share price decline in aftermarket trading. Rosenblatt Securities adjusted its price target to $490, citing tempered investor enthusiasm due to conservative guidance, while Bernstein lowered its price target to $343, pointing to underwhelming guidance and a decline in year-over-year subscription growth [2].

Macquarie's price target increase reflects the company's strong earnings and the potential for growth in its cybersecurity solutions. However, the company's conservative guidance and the lingering effects of a 2024 IT outage have led to a mixed reaction among analysts. The stock has experienced volatility in recent weeks, with some analysts predicting a potential upside while others remain cautious.

References:
[1] https://www.investing.com/news/analyst-ratings/crowdstrike-stock-maintains-buy-rating-at-td-cowen-on-strong-growth-93CH-4214963
[2] https://finviz.com/quote.ashx?t=CRWD