CrowdStrike Holdings (NASDAQ: CRWD) is trading at $424.90 as of midday Monday, changing little from the previous close.
The stock has gained 24% year-to-date but pared back some of its August gains as peer Fortinet’s (NASDAQ: FTNT) earnings raised concerns about potential firewall refresh cycle slowdowns.
Investors now are waiting for the company to release its fiscal second-quarter results on August 27. Analysts expect earnings of $0.83 per share on revenue of $1.15 billion, up 19% from the same period last year.
CRWD stock price forecast
On Monday, August 18, Evercore ISI lowered its price target on to $425 from $440 and added the stock to its tactical Underperform list ahead of earnings. The firm described this as a “critical show-me quarter,” citing subdued channel checks and survey data that suggested a more muted tone across performance metrics.
Evercore pointed to Falcon Flex adoption still being in the early stages, module uptake meeting expectations but not exceeding them, and mixed partner feedback on the upcoming Falcon Complete Platform renewal cycle. It emphasized that this is a tactical call before earnings rather than a challenge to CrowdStrike’s long-term fundamentals.
Unlike Evercore, other firms have reiterated their confidence in the company. Cantor Fitzgerald maintained an Overweight rating, projecting 8% year-over-year growth in new annual recurring revenue in fiscal 2026.
Likewise, Citizens JMP reaffirmed a Market Outperform rating, pointing to CrowdStrike’s strong position in endpoint protection.
Moody’s Ratings kept its Baa3 senior unsecured rating but upgraded its outlook to Positive from Stable, citing accelerating subscription revenue and profitability improvements.
According to TipRanks, 40 Wall Street analysts currently rate CrowdStrike a Moderate Buy, with 27 Buys, 12 Holds, and one Sell. The average 12-month price target is $496.59, about 16% above the current price, with estimates ranging from a high of $575 to a low of $370.
Jim Cramer has also remained bullish on the company.
“Oh CrowdStrike is what, the second most high valuation company after Palantir. But I don’t care. I think it’s terrific,” he recently said.
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