Evercore ISI Maintains In-Line Rating on CrowdStrike Holdings, PT Down to $425

Evercore ISI Maintains In-Line Rating on CrowdStrike Holdings, PT Down to $425

Evercore ISI has revised its price target on CrowdStrike Holdings (NASDAQ: CRWD) to $425.00 from $440.00, while retaining an "In Line" rating. The cybersecurity company's stock is currently trading at $427.90, with a market capitalization of $106.65 billion. According to InvestingPro data, the stock is trading near its Fair Value.

The downward revision is attributed to "subdued channel checks" during the second quarter, with survey data reflecting a more muted tone across all metrics. While the company is expected to achieve profitability this year, Evercore ISI has added CrowdStrike to its tactical underperform list ahead of its second-quarter fiscal results scheduled for August 27. The firm described this earnings report as a "critical show me quarter" for CrowdStrike.

Evercore ISI emphasized that the downgrade is a "tactical call" ahead of earnings and not a challenge to CrowdStrike’s long-term fundamentals, asset quality, or leadership. The company has demonstrated strong performance with 26% revenue growth and maintains a healthy gross profit margin of 74%. However, the firm believes the second-half setup is "less favorable than current positioning reflects" given CrowdStrike’s status as a consensus long position for most of 2025.

In other recent news, CrowdStrike introduced its Falcon Next-Gen Identity Security solution and launched AI-powered Signal detection engines at Black Hat USA 2025. These innovations aim to safeguard identities across hybrid environments and identify early-stage threats before they escalate.

Analyst ratings remain mixed. Cantor Fitzgerald reiterated an Overweight rating for CrowdStrike, projecting an 8% year-over-year growth in Net New Annual Recurring Revenue for fiscal year 2026. Citizens JMP maintained a Market Outperform rating, highlighting CrowdStrike’s strong position in endpoint protection. Moody’s Ratings affirmed CrowdStrike’s Baa3 senior unsecured rating and upgraded the outlook to positive.

References:
[1] https://www.investing.com/news/analyst-ratings/crowdstrike-stock-price-target-lowered-to-425-by-evercore-isi-93CH-4197087
[2] https://www.ainvest.com/news/crowdstrike-agentic-ai-revolution-cybersecurity-deep-dive-market-leadership-long-term-2508/