CrowdStrike price target lowered to $520 from $590 at Cantor Fitzgerald

Cantor Fitzgerald lowered the firm’s price target on CrowdStrike (CRWD) to $520 from $590 and keeps an Overweight rating on the shares. Checks were solid though slightly softer sequentially, with continued strength in endpoint and accelerating momentum in Next Gen SIEM, Cloud Security, and Identity driving platform expansion, the analyst tells investors in a research note. A strong quarterly beat and reiteration of the 20% FY27 net new annual recurring revenue growth target are expected, and while recent software multiple compression has weighed on shares, valuation appears de risked into the print given durable competitive advantages and proprietary data-driven capabilities, the firm says.