CrowdStrike price target raised to $540 from $510 at RBC Capital

RBC Capital raised the firm’s price target on CrowdStrike (CRWD) to $540 from $510 and keeps an Outperform rating on the shares after hosting a meeting with its CEO. The firm has come away from the discussion feeling good about the FY26 second half setup and trajectory into FY27, with investors most focused around the confidence in net new annual recurring revenue targets, the agentic opportunity, Flex, security consolidation, and the cross-sell opportunity, the analyst tells investors in a research note. RBC adds that CrowdStrike remains one of its top security consolidation ideas.