CrowdStrike's Strong Demand Boosts Wedbush Target Price 10%

Wedbush Securities has recently conducted a channel check on CrowdStrike, revealing a strong and sustained demand for its cybersecurity products. This trend is anticipated to continue through 2026, driven by the continuous adoption of its platform, strong momentum in cloud services, identity management, and Logscale, as well as better-than-expected performance in data protection and Charlotte AI. The recent quarter has seen notably strong trading flow, with a clear acceleration observed since July.

The firm's analysts have raised CrowdStrike's target price from $525 to $575, while maintaining their outperform rating. They noted that revenue related to CrowdStrike's AI-driven cybersecurity products has significantly surpassed levels from a year ago. This trend is likely to continue due to the powerful and sticky nature of the Falcon platform.

The analysts further emphasized that CrowdStrike remains the gold standard in cybersecurity, positioned at the forefront of the multi-year growth story. They anticipate that the net new annual recurring revenue growth will reaccelerate in the second half of 2026, reinforcing CrowdStrike's role in securing the AI revolution. Despite the ongoing focus on AI monetization, the analysts observed an increasing number of modular add-ons in CrowdStrike's core verticals, indicating that the company is still in the early stages of this trend.

In summary, CrowdStrike's strong product demand and robust performance across various sectors have led Wedbush Securities to raise its target price for the company. The firm's analysts believe that CrowdStrike's leadership in cybersecurity and its innovative AI-driven solutions will continue to drive growth and secure its position as a key player in the industry. The company's Falcon platform, with its powerful features and high user retention, is expected to continue fueling this growth, making CrowdStrike a strong contender in the cybersecurity market.