CrowdStrike price target raised to $515 from $500 at Jefferies

Jefferies raised the firm’s price target on CrowdStrike (CRWD) to $515 from $500 and keeps a Buy rating on the shares following the Fal.Con event. The company focused on its expanding product portfolio into artificial intelligence and identity, and offered new fiscal 2027 guidance for 20%-plus year-over-year net new annual recurring revenue growth, the analyst tells investors in a research note. Jefferies believes that given management’s conservatism and AI likely not being factored in yet, upside to the outlook is possible, which justifies a premium valuation multiple.