Stifel raises CrowdStrike stock price target to $240 on strong results

Stifel has increased its price target for CrowdStrike Holdings Inc. (CRWD) shares to $240 from $230, retaining a Buy rating. The stock is currently trading at $189.18, having surged 79% over the past year, though estimates suggest it may be overvalued relative to its intrinsic value. The cybersecurity firm reported robust financial performance, with net new annual recurring revenue (ARR) reaching $332.8 million, marking a 50.5% year-over-year increase.

This surpassed analysts' lower estimates of $310 million. CrowdStrike's growth was fueled by strong demand across all customer segments and geographies, with artificial intelligence playing a significant role in its expansion. The company's quarterly revenue and earnings have consistently exceeded expectations for four quarters in a row.

CrowdStrike has also raised its full-year guidance, boosting its net new ARR guidance by 630 basis points or $64 million, following a prior 520 basis point or $52 million increase with first-quarter fiscal 2027 earnings. The company now anticipates a 34% year-over-year growth in net new ARR for fiscal 2027, up from the previous 27.7% forecast.

For a comprehensive analysis, CrowdStrike is one of over 1,400 US equities covered by InvestingPro's Pro Research Reports. Recent commentary from other analysts has also adjusted their positions.