Barclays Lifts CrowdStrike (CRWD) PT to $500 Ahead of FQ1 2026 Earnings

Barclays analyst Trevor Young has increased the price target on CrowdStrike Holdings Inc. (NASDAQ:CRWD) to $500 from $475, while maintaining an Overweight rating on the shares.

This adjustment comes ahead of CrowdStrike’s FQ1 2026 earnings report, which is expected to come out on Tuesday, June 3. Barclays models FQ1 net new ARR of $175 million, with an optimistic scenario suggesting that this figure could exceed $200 million.

Security personnel at their consoles, monitoring a global network of threats in real-time.

In FQ4 2025, the company’s net new ARR reached $224 million, which contributed to an ending ARR of $4.24 billion for FY2025. Total revenue for FQ4 was $1.06 billion, with subscription revenue exceeding $1 billion. Cloud Security, Identity Protection, and Next-Gen SIEM ARR surpassed $1.3 billion, and demonstrated ~50% year-over-year growth. The company achieved a record $1.07 billion in free cash flow for the full fiscal year, which represented 27% of revenue.

However, the company noted a decline in growth from existing customers, with upselling decreasing from 21% growth in FQ1 to 15% by year-end. For FY2026, CrowdStrike anticipates total revenue to be in the range of $4.7 to $4.8 billion, which shows a growth rate of 20% to 22%. CrowdStrike Holdings Inc. (NASDAQ:CRWD) provides cybersecurity solutions in the US and internationally.

While we acknowledge the potential of CRWD to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CRWD and that has 100x upside potential, check out our report about the cheapest AI stock.

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