10 Trending AI Stocks on Wall Street Right Now

7. CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Number of Hedge Fund Holders: 64

On June 3^rd, RBC Capital analyst Matthew Hedberg reiterated an Outperform rating on CrowdStrike Holdings, Inc. (NASDAQ:CRWD) with a $500.00 price target.

Hedberg’s rating update follows Crowdstrike’s Q1 fiscal year 2026 earnings report, which demonstrated mixed results. Analysts noted how revenue was in line with the firm’s estimates and the midpoint of guidance, but slightly missed consensus expectations. However, non-GAAP net annual recurring revenue (NNARR) of $193.8 million exceeded consensus estimates.

Other key highlights from the earnings report include that total annual recurring revenue (ARR) reached $4,435.6 million, a 22% year-over-year increase. It also posted a 29.4% year-over-year revenue growth, with total revenue reaching $3.95 billion. Meanwhile, free cash flow stood at $279.4 million.

Crowdstrike’s management also highlighted several achievements from the quarter, including major deals and momentum with managed security service providers (MSSPs), a 97% gross retention rate, and significant advancements in areas such as artificial intelligence, next-generation security information and event management (SIEM), and cloud identity management.

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