Dan Ives of Wedbush, known for his bullish tech takes, just raised his price target on CrowdStrike Holdings (NASDAQ: CRWD) to $575.
The upgrade comes amid an impressive 2025 performance. CrowdStrike stock is up 42.83% year-to-date, currently trading at $496.10 after a 0.82% rise in Wednesday’s session.
The new $575 target represents 15.9% upside from current levels, reflecting what the Wedbush analyst described as “increased momentum in the field around its cyber platform approach.”
CrowdStrike price prediction
Wall Street generally likes CrowdStrike: 28 out of 37 analysts rate it a buy. But Ives’ $575 target stands out from the pack. Most analysts have more modest expectations, with the average target at $494.31, just slightly above current levels.
Ives says his recent analysis shows momentum that’s “coming in very strong” for what he calls “one of the stalwarts of cybersecurity,” suggesting the upgrade reflects real-world business trends rather than just market sentiment.
Mixed earnings picture ahead
The earnings picture for CrowdStrike points to some near-term challenges. The company is expected to report $0.83 per share this quarter, down 20.2% year-over-year, with full-year earnings projected at $3.50 per share, a 10.9% decline.
However, analysts anticipate a strong turnaround ahead, forecasting earnings to increase by 34.7% to $4.72 per share in the next fiscal year.
CrowdStrike has a solid track record, beating earnings estimates in each of the past four quarters and revenue estimates three times. The last report was a mixed bag: revenue grew 19.8% to $1.1 billion, while earnings per share dropped to $0.73 from $0.93 a year earlier.
One thing worth noting is that CrowdStrike isn’t exactly cheap compared to other cybersecurity companies. That premium valuation means the stock could face pressure if the business momentum that Ives is seeing doesn’t continue to play out as expected.
Featured image via Shutterstock.
