CrowdStrike (CRWD) Stock: PT Lifted to $580 as Analysts Expect Strong Q3 Results

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is one of the AI Stocks Making Headlines on Wall Street. On November 25, DA Davidson raised its price target on the stock to $580 from $515 while maintaining a “Buy” rating. The PT raise comes ahead of CRWD’s Q3 results, with analysts expecting a strong beat & raise for the quarter.

According to the firm, Crowdstrike will likely deliver a strong quarter driven by continued momentum in net new annual recurring revenue (NNARR). This will likely boost investor confidence in Crowdstrike delivering the targeted 20% y/y growth in FY27.

Analysts noted how shares have outperformed the iShares Expanded Tech-Software Sector ETF (IGV) by an estimated 23% since the company’s September Investor Day “even after the recent pullback in step with the market & valuation remains frothy vs. comps.”

“We are thus unsure if results will be enough to catalyze shares near-term, but we remain BUY rated & are raising our PT from $515 to $580 as we remain very bullish on the CRWD story over the long term.”

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

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