RBC Capital raises CrowdStrike stock price target to $260 on AI threats

RBC Capital has increased its price target for CrowdStrike shares (NASDAQ:CRWD) to $260 from $256, while retaining an "Outperform" rating, according to a report on Wednesday. The stock is currently trading at $218.88, close to its 52-week high of $227.50, indicating a 79% gain over the past year. CrowdStrike has shown strong financial performance, with annual recurring revenue outpacing the previous quarter.

The company's fiscal 2027 guidance has been revised upwards, reflecting the growing demand for security solutions in the era of AI adoption. RBC Capital's analyst Matthew Hedberg attributes this growth to the increasing and accelerating opportunities presented by AI threats, which he believes are creating sustainable tailwinds for the company.

The firm has raised its fiscal 2027 revenue estimates and maintains CrowdStrike as a top long-term investment, describing it as a cybersecurity consolidator accelerating at scale. Despite the stock being deemed overvalued by InvestingPro analysis relative to its intrinsic value, CrowdStrike remains one of 1,400+ US equities covered by the firm's comprehensive Pro Research Reports, providing investors with detailed insights into this high-growth cybersecurity leader.