CrowdStrike (CRWD) PT Raised to $250 at Needham
Needham analyst Mike Cikos raised the price target on CrowdStrike (NASDAQ: CRWD) to $250.00 (from $235.00) while maintaining a Buy rating.
The analyst commented: "CrowdStrike delivered a solid quarter, outperforming every guided metric and raising guidance for the remainder of the year - as the company continues to benefit from broad-based demand following the Mythos moment. We note FY27 Net-New ARR growth was raised an incremental 630 basis points to 34% yr-yr (where expectations have climbed by more than 10 percentage points since CrowdStrike offered initial FY27 guidance 6 months ago. CrowdStrike continues to consolidate market-share, and the core Endpoint offering is experiencing a renaissance as organizations modernize security to keep up with Agentic AI.
We remain Buy-rated and raise our Price Target to $250."