CrowdStrike’s stock has jumped after record-breaking earnings. Wall Street is lapping it up.
A number of Wall Street banks, including Jefferies, raised their price targets for the cybersecurity’s stock following its record-breaking results.
CrowdStrike's stock has jumped after the company reported record-breaking earnings. The cybersecurity company's strong results included net new annual recurring revenue of $332.8 million, up 50.5% year-over-year, which exceeded expectations.
Several Wall Street banks, including Jefferies, raised their price targets for CrowdStrike's stock following the results. Stifel also raised its price target on CrowdStrike shares to $240 from $230 while maintaining a Buy rating.
The company's stock is currently trading at $189.18, up 79% over the past year. CrowdStrike raised its full-year revenue and profit guidance beyond the quarterly beat, with fiscal 2027 net new annual recurring revenue expected to grow 34% year-over-year.
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