TD Cowen Lifts CrowdStrike (CRWD) Target to $580, Keeps Buy Rating

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is one of the best performing NASDAQ stocks according to hedge funds. On October 3, TD Cowen raised its price target for CrowdStrike from $500 to $580, maintaining a Buy rating. One of the factors cited for the decision is CrowdStrike’s record pipeline. Others include growing adoption of CrowdStrike’s Falcon Flex platform (which is seen as contributing to future revenue growth), and strong overall execution; TD Cowen cited that second-half fiscal 2026 targets are “highly achievable.”

TD Cowen also highlighted that recent acquisitions, such as Onum and Pangea, demonstrate CrowdStrike’s ability to transform smaller acquisitions into meaningful annual recurring revenue (ARR) sources within two to three years. The analysts also expect partners and global system integrators (GSIs) to support both short- and medium-term strategic goals, as platform deals increase in average size. TD Cowen is confident in the expanded platform strategy and points to CrowdStrike’s “strong financial position,” with a current ratio of 1.88.

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is an American cybersecurity company. It provides cloud-delivered protection of endpoints, cloud workloads, identities, and data through its subscription-based Falcon platform. The company’s offerings include endpoint and workload security, identity protection, threat intelligence, vulnerability management, and security orchestration and automation.

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