Fal.Con Event Boosts CrowdStrike (CRWD) as Investors Cheer AI Strategy

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is one of the AI Stocks Every Investor Should Watch. On September 24, Bernstein SocGen Group analyst Peter Weed reiterated a Market Perform rating on the stock with a $343.00 price target. The rating affirmation follows Crowdstrike’s three-day Fal.Con event last week.

The stock moved up 10% following the event, reflecting how investors responded positively to the company’s announcements and demonstrations. Crowdstrike also extended its long-term guidance from the current $10 billion in FY’31 to $20 billion in FY’36.

It reiterated that its net new ARR growth remains elevated at over 40% in the second half of fiscal year 2026. However, the firm believes that this growth rate benefits from easier comparisons.

Bernstein believes that its fiscal year 2036 target of $20 billion reflects confidence in applying AGI and Agentic AI to become the “end-to-end security platform of the future.”

“CrowdStrike held their Fal.Con event over three days last week — if the greater than +10% stock move is any indication, investors’ takeaways were pretty bullish. We think there may have been a couple of points that particularly drove this reaction. This includes extending their long-term guide from the current $10B in FY31 to a new long-term ARR of $20B in FY36 (i.e., ~15% CAGR ’31-36), and reiterating their net new ARR growth remains elevated 40%+ in 2H26 (reminder the 40%+ is due to easy comps — this guide is actually ~9% Net New ARR CAGR vs. the last “normal” H2 which was in FY24). The company emphasized the $20B FY36 reflects their confidence in applying Artificial General Intelligence / Agentic AI to become the end-to-end security platform of the future. Demonstrations of their capabilities were quite well received.”’

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 on Market Radar and 10 AI Stocks in the Spotlight This Week

Disclosure: None.