TLDR
- Jefferies raised CrowdStrike (CRWD) price target to $515 from $500, maintaining Buy rating after company’s Fal.Con conference
- Company provided fiscal 2027 guidance projecting over 20% net new annual recurring revenue growth, beating consensus by 2 percentage points
- CrowdStrike partnered with Salesforce to build fortified agentic AI agents, integrating Falcon platform with enterprise tools
- Stock showing technical breakout potential near 50-day moving average, with bullish options activity around $450 strike calls
- Multiple analysts raised price targets recently, with range from $330 to $610 and current trading near $445
CrowdStrike stock received another vote of confidence this week as Jefferies raised its price target to $515 from $500. The cybersecurity company maintains its Buy rating as analysts see growing potential in the AI-driven security space.
The upgrade follows CrowdStrike’s Fal.Con conference and investor briefing, where management showcased expanding capabilities in artificial intelligence and identity security. Company executives provided new fiscal year 2027 guidance that caught Wall Street’s attention.
CrowdStrike projects over 20% year-over-year net new annual recurring revenue growth for fiscal 2027. This translates to approximately 22% total annual recurring revenue growth, which sits two percentage points above consensus estimates.
Jefferies analysts noted management’s historically conservative approach to guidance. They believe artificial intelligence contributions aren’t fully reflected in current projections, suggesting potential upside to forecasts.
The firm justifies CrowdStrike’s premium valuation of 59 times enterprise value to calendar year 2026 estimated free cash flow. They point to the company’s proven return on investment as a platform, positive feedback from partners and customers, and consistently high win rates.
Strategic Partnerships Fuel Growth
CrowdStrike announced a partnership with Salesforce to develop fortified agentic AI agents. The collaboration integrates CrowdStrike’s Falcon platform with Salesforce’s enterprise tools, addressing growing cybersecurity needs in autonomous AI environments.
This partnership represents a shift from traditional tech-sector AI applications. CrowdStrike’s AI-native Falcon platform positions the company well for enterprise adoption across various industries.
The deal showcases CrowdStrike’s own agentic analyst, Charlotte AI. This system can track agents back to their human creators, detect unusual behavior, and prevent overprivileged accounts from exploitation by bad actors.
Salesforce employees can interact with Charlotte AI through natural conversation within existing workflows. The system flags potential risks, suggests responses, and triggers automated fixes without requiring users to leave Slack channels.
CrowdStrike also strengthened its NVIDIA partnership. Charlotte AI AgentWorks now integrates with NVIDIA’s Nemotron family of AI models, expanding security coverage across the AI development lifecycle.
Technical Picture Shows Promise
CRWD stock trades near $445, approaching key technical levels that could signal a breakout. The stock has tested its 50-day simple moving average multiple times this year but failed to sustain rallies above this resistance.
Options activity reveals aggressive positioning around the $450 strike calls. This suggests traders expect the stock to break through current resistance levels in the near term.
If CrowdStrike clears the 50-day moving average, previous swing highs point to targets between $460 and $470. A more bullish scenario could push shares toward $480 to $488, with the most optimistic projections reaching above $500 by year-end.
Support levels remain well-defined if the current rally stalls. Immediate support sits between $427 and $430, based on recent swing lows.
A break below this range would target the 200-day moving average around $412. This level aligns with options positioning where bulls maintain interest slightly above this price point.
The cybersecurity company continues expanding its AI security offerings while building strategic partnerships across the technology sector. Current analyst price targets range from $330 to $610, with several firms recently raising their projections following the company’s investor presentations.
Stay Ahead of the Market with Benzinga Pro!
Want to trade like a pro? Benzinga Pro gives you the edge you need in today's fast-paced markets. Get real-time news, exclusive insights, and powerful tools trusted by professional traders:
- Breaking market-moving stories before they hit mainstream media
- Live audio squawk for hands-free market updates
- Advanced stock scanner to spot promising trades
- Expert trade ideas and on-demand support
