Jefferies raises CrowdStrike stock price target on ARR guidance beat

Jefferies has raised its price target on CrowdStrike Holdings Inc. (NASDAQ:CRWD) to $240 from $230, maintaining a Buy rating on the cybersecurity company's shares. The stock has surged 103% over the past six months to $189.18, though it may be overvalued relative to its Fair Value estimate. CrowdStrike raised its fiscal 2027 ARR guidance to $6.608 billion, implying 25.8% year-over-year growth and beating consensus estimates by $63 million. The increase in guidance is attributed to strong demand for the company's AI-focused products.

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