CrowdStrike Holdings (CRWD) stock has fallen 10.6% over the past week, slipped 4.0% over the past month, but still gained 4.8% in the last 12 months. Wall Street’s analysts are strongly bullish, forecasting a move toward an average 12‑month price target of $484.33 from a last closing price of $369.58.
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Alex Zukin of Wolfe Research has upgraded CRWD to Buy with a new price target of $450, implying solid upside from current levels. His call reflects growing conviction that CrowdStrike can accelerate annual recurring revenue in the coming year despite recent volatility.
Zukin argues that Anthropic’s upcoming “Mythos” AI model, expected to offer much stronger cybersecurity capabilities, could ignite a “machine‑speed” cyberwar. In his view, that scenario should drive vendor consolidation and benefit well‑positioned players like CrowdStrike rather than hurt them.
He believes current security tools are built for human‑speed attacks and may struggle as hackers gain machine‑speed capabilities, pushing enterprises to spend more, not less, on defense. CrowdStrike’s Falcon platform, flexible contracts, and innovation pipeline are seen as the kind of “armory” customers will need in an escalating cyber arms race.
Zukin, a 4‑star analyst who ranks 262 out of 12,068 with a 60.17% success rate and 16.9% average return per rating, does flag some risk around Anthropic’s early April announcement. Still, he thinks either an underwhelming or very strong Mythos launch ultimately supports his bullish thesis on CRWD. Never miss a stock rating. Find all the latest ratings on TipRanks’ Top Wall Street Analysts page.