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CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is included among the 15 Best Long Term Stocks to Buy According to Reddit.
On November 18, Truist lifted the firm’s price target on CrowdStrike Holdings, Inc. (NASDAQ:CRWD) to $600 from $550 while reiterating a Buy rating, according to a report by The Fly. The firm said it was heading into the company’s third-quarter report with confidence, noting that CrowdStrike looked ready to deliver a solid beat-and-rise as it aims to pick up the pace in net new annual recurring revenue through the back half of fiscal 2026 and beyond.
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) had already put up strong numbers in its fiscal second quarter of 2026. Revenue grew 21% from a year earlier to roughly $1.17 billion, slightly faster than the 20% growth seen in the first quarter. Subscription revenue also increased 20% as customers kept adding new modules and spending more across the Falcon platform. Net new annual recurring revenue reached a record $221 million, while total ARR climbed to $4.66 billion, showing 20% growth from last year.
The business continued to generate meaningful cash as well, with free cash flow of about $284 million in the quarter, representing roughly 24% of revenue.
During the fiscal Q2 earnings call, chief financial officer Burt Podbere pointed out that demand for the company’s AI-driven Falcon platform and the Falcon Flex subscription option remained strong. That momentum helped increase the number of large contracts and lifted the count of customers generating at least $1 million in annual recurring revenue to new highs. Deals worth more than $10 million also doubled from a year earlier.
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) operates as a cybersecurity company focused on cloud-based endpoint protection, helping organizations prevent and detect threats such as ransomware and other cyberattacks.
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: 12 Best European Dividend Stocks to Buy Now and 13 Best Canadian Dividend Stocks to Buy and Hold for the Long Term.
Disclosure: None.
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