Analyst Brian Essex of J.P. Morgan maintained a Buy rating on CrowdStrike Holdings, with a price target of $500.00.
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Brian Essex has given his Buy rating due to a combination of factors that highlight CrowdStrike Holdings’ strong performance and promising outlook. The company reported impressive second-quarter results, surpassing expectations in revenue, annual recurring revenue (ARR), profitability, and free cash flow. This performance was driven by significant traction in their Cloud, Next-Gen Identity, and Next-Gen SIEM offerings, which collectively contributed over $1.56 billion in ARR.
Additionally, CrowdStrike’s management has shown confidence in accelerating net new ARR growth, projecting at least 40% year-over-year growth in the latter half of the year. This is supported by faster-than-expected customer re-flexing, a robust pipeline for Next-Gen SIEM transitions, and strong visibility into renewal business. Furthermore, the company’s strategic initiatives, such as the acquisition of Onum and successful lead generation events, are expected to bolster growth. These factors, combined with a raised fiscal year 2026 revenue and profitability outlook, underpin Essex’s positive assessment of CrowdStrike’s potential for continued market penetration and dominance.
In another report released today, KeyBanc also reiterated a Buy rating on the stock with a $495.00 price target.
Based on the recent corporate insider activity of 129 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.