CrowdStrike price target raised to $650 from $550 at Truist

Truist analyst Junaid Siddiqui raised the firm’s price target on CrowdStrike (CRWD) to $650 from $550 and keeps a Buy rating on the shares as part of a broader research note, previewing Q1 results for Cybersecurity Software names. Investors will remain focused on the usual setup-and-beat dynamics heading into off-cycle quarterly EPS prints, though the broader narrative around AI disruption is likely to dominate earnings as they seek to separate AI beneficiaries from those at risk, the analyst tells investors in a research note. For CrowdStrike, particular attention will be on Falcon Flex as the primary go-to-market motion and key driver of forward visibility, the firm added, further noting that the setup into the quarter remains favorable, underpinned by strong execution, expanding platform breadth, and improving visibility into durable Annualized Recurring Revenue growth.