CrowdStrike (CRWD): Analysts See Best-in-Class Execution but Valuation Looks Full

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is one of the AI Stocks Analysts are Tracking Closely. On November 19, Berenberg initiated coverage of the stock at “Hold” with a $600 price target. The firm acknowledges Crowdstrike’s “best-in-class execution,” but is keeping a neutral stance as it believes the optimism is already priced in.

According to the firm, Crowdstrike’s cloud-native single-agent architecture positions it as “one of the most compelling long-duration growth stories in cybersecurity.” The company has managed to grow its Total Addressable Market from $25billion in FY19 to $140billion in FY26E.

In fact, there are projections that Crowdstrike’s TAM may reach $300 billion by FY30E driven by its consistent “land and expand” strategy. This strategy has led to a 112% net revenue retention (NRR).

“CrowdStrike’s cloud-native single-agent architecture has expanded the company’s total addressable market (TAM) beyond endpoint security – from a $25bn TAM in FY19 to $140bn in FY26E, projected to reach $300bn by FY30E – reinforced by a consistent land-and-expand strategy (~112% NRR).”

More particularly, platform consolidation has been the highlight in enterprise security which Crowdstrike has managed to successfully deliver at scale. While the cybersecurity stock “sits at the top of the revenue duration curve,” this has already been priced into shares, analysts noted.

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

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