CrowdStrike Holdings (CRWD): Analysts Turn More Bullish as Growth Outlook Improves

CrowdStrike Holdings Inc. (NASDAQ:CRWD) is among the most fantastic stocks every investor should pay attention to. On November 4, BTIG analyst Gray Powell highlighted the encouraging demand trends to reaffirm his bullish stance on the company, assigning a Buy rating. He also raised his price target from $489 to $640, implying a 20% potential upside.

Powell argued that his industry checks point to a pickup in enterprise spending, and the momentum has improved since the company reported Q2 earnings (in late August). He also expects average selling prices across its customer base to nearly double due to improving traction for CrowdStrike’s Next-Generation SIEM platform.

Earlier, on October 28, Ellie Bagshaw, an analyst from Arete Research, upgraded her rating on CrowdStrike Holdings Inc. (NASDAQ:CRWD) to Buy from Neutral, and assigned a price target of $706, which is currently the consensus high.

Separately, CrowdStrike Holdings Inc. (NASDAQ:CRWD) has also been focusing on partnerships to increase its market reach. In the most recent collaboration, on October 28, CrowdStrike announced that it is partnering with Nvidia to enhance cybersecurity across cloud, data center, and edge environments through autonomous, continuously learning AI agents.

These agents will be capable of detecting and neutralizing cyber threats in real time. To achieve this, the companies plan to integrate CrowdStrike’s Charlotte AI AgentWorks with NVIDIA’s suite of AI technologies, including Nemotron open models and NeMo Data Designer.

On this collaboration, George Kurtz, CEO and founder of CrowdStrike Holdings Inc. (NASDAQ:CRWD), stated:

“AI is transforming cybersecurity, and defenders need speed and edge intelligence to outpace the adversary. Addressing AI-driven cyber threats requires AI to protect systems from the speed and volume of attacks, and we’re working with NVIDIA to deliver autonomous, AI agents that learn continuously to defend the critical infrastructure powering the global economy.”

CrowdStrike Holdings Inc. (NASDAQ:CRWD) delivers cloud-native cybersecurity through its Falcon platform, which integrates endpoint protection, threat intelligence, and security operations.

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.

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