Citizens JMP Stays Bullish on CrowdStrike (CRWD) as AI Takes Center Stage

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is one of the Buzzing AI Stocks on Wall Street. On September 23, Citizens JMP analyst Trevor Walsh raised the price target on the stock to $550.00 (from $500.00) while maintaining a Market Outperform rating.

The rating affirmation, which follows Crowdstrike’s Fal.Con event from last week, highlights how the record attendance at its user conference and sizable leap from last year doesn’t fully capture the scope of the event. It resembles a high-profile cybersecurity gathering on par with Blackhat or similar industry events.

The firm added how the event and new product announcements were all about artificial intelligence, a clear sign on where the cyber industry is headed and the company’s intent to be a leader.

“We reiterate our Market Outperform rating and raise our price target to $550 (from $500). CrowdStrike currently trades at a CY26E EV/revenue multiple of 21.0x and a CY26E EV/FCF multiple of 70.1x, while our revised $550 price target implies a 23.5x CY26E EV/revenue multiple (our prior $500 price target assumed 21.3x), a premium to the mean multiple of 11.4x for our peer group and a 12% above the current stock price. We believe the premium is justified based on CRWD’s strong leadership in the endpoint protection market and a growing total addressable market led by intelligent product development/acquisition choices within cloud security, next-gen SIEM, DSPM, and other critical categories within cybersecurity.”

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

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