CrowdStrike (CRWD) Gains Momentum as Jefferies Raises Target After Fal.Con

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is one of the AI Stocks Making Big Moves on Wall Street. On September 18, Jefferies analyst Joseph Gallo raised the price target on the stock to $515.00 (from $500.00) while maintaining a Buy rating.

The rating affirmation follows Jefferies attendance at CrowdStrike’s Fal.Con conference and investor briefing where the firm recapped how Crowdstrike focused on its expanding product portfolio in artificial intelligence and identity security.

Jefferies believes the stock still has upside.

“We attended Fal.Con & the investor briefing which focused on the expanding prod portfolio into AI/Identity & new FY27 guidance for 20%+ yoy NNARR growth implying 22% yoy total ARR growth (2 pts above cons). Given management’s historical prudence + AI likely not being factored in yet, we believe upside remains possible. CRWD’s ROI as a platform remains evident (partner/customer convos remained positive & win rates high) justifying a premium 59x EV/CY26E FCF.”

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is a leader in AI-driven endpoint and cloud workload protection.

While we acknowledge the potential of CRWD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 AI Stocks You Should Not Ignore and 10 AI Stocks in Focus on Wall Street.

Disclosure: None.