Analyst Raises Forecast
Keybanc analyst Eric Heath raised the price forecast from $525 to $700, while maintaining an Overweight rating.
The analyst said that the results were solid and broadly stable quarter over quarter. Heath sees CrowdStrike well-positioned for upside this quarter, supported by demand for Mythos and the Frontier AI Readiness service.
This, along with strength in key focus areas such as continuous threat exposure management (CTEM), vulnerability management, patching, cloud security, and services, acts as a tailwind.
The analyst writes that additional tailwinds include the Flex consumption model and strong momentum, with management highlighting "unbelievable demand" following the Project Quiltworks announcement.
Recent Analyst Actions
The stock carries a Buy rating with an average price target of $509.82. Recent analyst moves include:
Keybanc: Overweight (Raises Target to $700.00) (May 18)
BTIG: Buy (Raises Target to $621.00) (May 14)
Wells Fargo: Overweight (Raises Target to $525.00) (May 5)
BTIG analyst boosted the price forecast after channel checks with 10 industry contacts tied to roughly $700 million in annual CrowdStrike sales. The analyst said platform consolidation is resonating, with especially strong feedback on Next-Gen SIEM ...
