Analyst Shaul Eyal of TD Cowen reiterated a Buy rating on CrowdStrike Holdings, retaining the price target of $500.00.
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Shaul Eyal has given his Buy rating due to a combination of factors including CrowdStrike Holdings’ strategic growth plans and strong financial projections. The company has set ambitious long-term targets, aiming to quadruple its Ending Annual Recurring Revenue (ARR) from approximately $5 billion to $20 billion by fiscal year 2036. This target is supported by a feasible compound annual growth rate of 15% from fiscal year 2031 to 2036, reflecting management’s confidence in their execution capabilities.
Additionally, the introduction of new target models for fiscal years 2029 and 2036, along with a positive outlook for fiscal year 2027, reinforces the company’s growth trajectory. Management’s guidance for over 20% year-over-year growth in net new ARR and strong operational and free cash flow margins further bolster this outlook. The company’s strategic focus on expanding its Total Addressable Market (TAM) and leveraging partnerships to drive sales growth also contribute to the positive sentiment. These factors collectively support Eyal’s Buy rating and the $500 price target for CrowdStrike Holdings.
According to TipRanks, Eyal is a top 100 analyst with an average return of 26.0% and a 68.95% success rate. Eyal covers the Technology sector, focusing on stocks such as Fortinet, Check Point, and Palo Alto Networks.
In another report released today, Jefferies also maintained a Buy rating on the stock with a $515.00 price target.