On June 4, Stifel Nicolaus analyst Adam Borg maintained a Buy rating on CrowdStrike Holdings, Inc. (NASDAQ:CRWD), lifting the associated price target to $495 from $480. The analyst’s rating reflects the company’s strategic positioning and strong performance, as it followed CRWD’s fiscal Q1 2026 results on June 3.
The analyst reasoned that CrowdStrike Holdings, Inc. met or surpassed expectations with its fiscal Q1 2026 results, exhibiting significant achievements such as a notable growth in Net-New Annual Recurring Revenue (NNARR). Annual Recurring Revenue (ARR) rose 22% year-over-year to $4.44 billion, of which $193.8 million was the net new ARR added in the quarter. The analyst attributed this growth to the successful adoption of the Falcon Flex purchasing model.
Security personnel at their consoles, monitoring a global network of threats in real-time.
Management exhibited confidence by lifting profitability guidance for FY26 and raising targets for FY27. It expects fiscal Q2 2026 revenue to experience around a 19% year-over-year growth.
Borg expressed confidence in CrowdStrike Holdings, Inc.’s (NASDAQ:CRWD) ability to attain increased profitability and over 20% top-line growth in the coming years, justifying the Buy rating.
CrowdStrike Holdings, Inc. 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.
READ NEXT: 10 Best Debt Free IT Penny Stocks To Buy and 10 Unstoppable Stocks That Could Double Your Money.
Hedge Fund Resource Center