CrowdStrike Stock Target Raised to $570 Ahead of Earnings

CrowdStrike Holdings, Inc. (NASDAQ: CRWD) is experiencing renewed bullish sentiment as KeyBanc Capital Markets increased its price target on the stock to $570 from $510, maintaining an “Overweight” rating. This adjustment comes ahead of the company's next earnings report, signaling confidence in CrowdStrike's strategic direction and market leadership.

The stock is currently trading down 2% at $499.1, reflecting a year-to-date increase of approximately 43.9%. KeyBanc's bullish move is underpinned by solid industry checks and consistently positive qualitative feedback, although the firm anticipates that these factors, while encouraging, may not be strong enough to act as an immediate catalyst upon the earnings release.

KeyBanc's increased conviction stems from CrowdStrike's strengthening strategic position as a potential consolidator within the cybersecurity sector. The firm believes CrowdStrike is exceptionally well-positioned to capitalize on an agentic Security Operations Center (SOC) strategy, which is increasingly vital for organizations seeking comprehensive threat detection and response capabilities. This strategic advantage is expected to drive long-term growth and market share gains.

CrowdStrike's recent financial performance has been robust, highlighted by its fiscal fourth-quarter 2025 results, where the company exceeded analyst expectations with earnings of $1.03 per share against a consensus estimate of $0.85. Revenue for the quarter reached $1.06 billion, a 25% increase year-over-year. Subscription revenue, a key indicator of recurring business, grew by an impressive 27% to $1.01 billion.

The company's strategic acquisition of Flow Security, a cloud data security provider, further strengthens its cloud data protection portfolio and positions CrowdStrike to offer more comprehensive security solutions. This all-cash deal, expected to close in the first quarter of fiscal year 2026, underscores CrowdStrike's commitment to expanding its capabilities and addressing evolving customer needs.

Other analysts have also expressed optimism about CrowdStrike's prospects. Wedbush raised its price target to $350, Oppenheimer to $355, Morgan Stanley to $372, Barclays to $400, and RBC Capital to $420, all citing factors such as robust platform adoption, effective execution, a strong new product pipeline, improving win rates, and the company's ability to consolidate cybersecurity spending.

Looking ahead, CrowdStrike's fiscal year 2027 net new annual recurring revenue (NNARR) guidance of 20% year-over-year growth, surpassing consensus expectations of 14%, and its fiscal year 2036 annual recurring revenue (ARR) target of $20 billion, representing a 15% compound annual growth rate (CAGR), provide a clear roadmap for continued expansion. The positive customer and partner feedback from the investor briefing further reinforces the company's strong market position.