CrowdStrike Holdings (CRWD) Sees Robust Platform Demand with Falcon Flex Expansion

CrowdStrike Holdings Inc. (NASDAQ:CRWD) ranks among the best software stocks to buy right now. On August 28, Truist Securities reaffirmed its Buy rating for CrowdStrike Holdings Inc. (NASDAQ:CRWD) with a $500 price target, pointing to the company’s Falcon Flex offering’s successful acceptance and robust platform demand.

In every parameter, CrowdStrike’s findings surpassed the upper limit of its guidance. Management increased its fiscal year 2026 guidance as a result of this success, anticipating that second-half net new annual recurring revenue (NNARR) would increase by more than 40% year-over-year.

The Falcon Flex program has exceeded expectations, with over 1,000 customers embracing the service and over 100 already “re-flexing,” resulting in larger transactions and vendor consolidation that benefits CrowdStrike Holdings Inc. (NASDAQ:CRWD). According to Truist Securities, Flex and emerging products currently account for over $1.56 billion in business and are expanding at a rate of more than 40% year-over-year.

CrowdStrike Holdings Inc. (NASDAQ:CRWD) is a pioneer in cloud workload and endpoint protection powered by AI.

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Disclosure: None. This article is originally published at Insider Monkey.