Canaccord analyst Kingsley Crane raised the firm’s price target on CrowdStrike (CRWD) to $500 from $430 and keeps a Hold rating on the shares. The firm attended its Fal.Con 2025 conference and came away with a refreshed perspective on how customers are navigating the new Flex purchasing model as well as the company’s evolving presence and leadership in markets outside of Endpoint like NG-SIEM, Identity, Cloud, and AI Security including agentic frameworks. While they are encouraged by some early expansionary proof points within the Flex customer base, they view risk/reward as more balanced at these levels.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CRWD:
- White House Post-Quantum Security Orders Could Boost Cyber Stocks
- CrowdStrike Holdings Soars: AI Innovations Fuel Growth
- CrowdStrike partner feedback on competitive positioning positive, says Roth
- CrowdStrike price target raised to $490 from $460 at Baird
- CrowdStrike’s Strategic AI Advancements and Growth Ambitions Drive Buy Rating