Canaccord analyst Kingsley Crane lowered the firm’s price target on CrowdStrike (CRWD) to $400 from $515 and keeps a Hold rating on the shares. The firm said CrowdStrike capped off FY26 with a record FQ4 featuring $331M in net-new ARR growing 47% year-over-year, up from $263M last quarter, bringing ending ARR to $5.25B +24% year-over-year, and marking the third consecutive quarter of accelerating net-new ARR growth. For the full year, the company crossed $1B in net-new ARR and delivered on the re- acceleration narrative that management has been articulating since last summer.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CRWD:
- CrowdStrike price target raised to $475 from $472 at JPMorgan
- CrowdStrike price target raised to $368 from $353 at Bernstein
- CrowdStrike price target lowered to $487 from $537 at Morgan Stanley
- CrowdStrike: Strong Cybersecurity Leadership and Growth Momentum Offset by Valuation, Justifying Hold Rating
- CrowdStrike: Scaling an AI-Driven Security Platform With Record Growth and Durable Demand