Citi Cuts PT on CrowdStrike Holdings, Inc. (CRWD) to $525 From $610 - Here's Why

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is one of the top stocks that will make you rich in 10 years.

Citi cut the price target on CrowdStrike Holdings, Inc. (NASDAQ:CRWD) to $525 from $610 on March 5, reiterating a Buy rating on the shares and telling investors that it views the company’s Q4 results as "respectable".

The same day, CrowdStrike Holdings, Inc. (NASDAQ:CRWD) and Schwarz Digits announced a long-term strategic partnership aimed at bringing the CrowdStrike Falcon® cybersecurity platform to STACKIT, which is Schwarz Digits’ sovereign cloud infrastructure. Management stated that the collaboration would deliver the AI-native Falcon platform with full attack path visibility on a platform fully operated within the EU on STACKIT, allowing enterprises and public institutions to meet Europe’s data sovereignty requirements while simultaneously defending against advanced cyber threats.

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) stated that organizations involved in the operation of critical infrastructure require cybersecurity performing at the highest level, in a backdrop where regulations such as the EU Cyber Resilience Act take full effect, and NIS2 increases accountability requirements for executive leadership. Several highly regulated entities look for locally-delivered, sovereign solutions that do not route data outside EU jurisdictions, and so the Falcon platform will support these requirements by operating natively within STACKIT’s European sovereign infrastructure.

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) offers cybersecurity services and products to prevent breaches. Its offerings include cloud-delivered protection across endpoints, threat hunting, managed security services, IT operations management, log management, and more.

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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