Analyst Mike Cikos from Needham maintained a Buy rating on CrowdStrike Holdings and increased the price target to $575.00 from $535.00.
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Mike Cikos has given his Buy rating due to a combination of factors that highlight CrowdStrike Holdings’ strong performance and growth potential. The company reported a significant year-over-year increase in Net-New Annual Recurring Revenue (ARR), reaching 73% growth, and has raised its growth assumptions for the second half of fiscal year 2026. This indicates a positive outlook for the company’s financial performance.
Additionally, CrowdStrike’s momentum is evident in its expanding ARR across various segments such as Endpoint, Cloud, Next-Gen Identity, and Next-Gen SIEM. The company’s offerings in these areas are not only driving adoption but also providing cost-saving benefits to customers, which helps in displacing competitors. Furthermore, the Flex initiative is effectively increasing customer spending while simplifying the procurement process, as seen in the 10% sequential growth in Remaining Performance Obligations (RPO). These factors collectively support the Buy rating given by Mike Cikos.
In another report released today, Barclays also maintained a Buy rating on the stock with a $610.00 price target.
Based on the recent corporate insider activity of 128 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CRWD in relation to earlier this year.