• CrowdStrike Holdings shares are retreating from recent levels. Why are CRWD shares down?
Here are some key analyst takeaways:
Wedbush analyst Dan Ives maintained an Outperform rating, while raising the price target from $700 to $720.
Benchmark analyst Yi Fu Lee reiterated a Buy rating, while lifting the price target from $700 to $780.
Needham analyst Mike Cikos reaffirmed a Buy rating, while taking the price target higher from $475 to $780.
Rosenblatt Securities analyst Catharine Trebnick maintained a Buy rating, while raising the price target from $640 to $825.
DA Davidson analyst Rudy Kessinger reiterated a Buy rating, while lifting the price target from $455 to $765.
Scotiabank analyst Patrick Colville reaffirmed a Sector Outperform rating, while taking the price target higher from $475 to $805.
Citizens JMP Securities analyst Rustam Kanga maintained a Market Outperform rating, while raising the price target from $550 to $780.
Cantor Fitzgerald analyst Jonathan Ruykhaver reiterated an Overweight rating, while lifting the price target from $700 to $725.
BTIG analyst Gray Powell reaffirmed a Buy rating and price target of $764.
Check out other analyst stock ratings.
Wedbush: CrowdStrike reported its first quarter results for fiscal 2027 with marginal beats across the board, Ives said in a note. Total ARR (annual recurring revenues) rose 24% year-on-year to $5.51 billion, coming above the consensus estimate of $5.50 billion, he added.
The company's NNARR (net new annual recurring revenues) grew 32% year-on-year to $255.8 million, with AI products continuing to gain traction, the analyst stated. Management raised its fiscal 2027 guidance slightly, "as the company continues to see an expansive pipeline for its cyber-AI product portfolio, which remains a significant driver of its bookings pipeline," he further wrote.
Benchmark: CrowdStrike delivered a record start, with ARR, revenues, operating margin and free cash flows "comfortably" exceeding consensus estimates, Lee said.
More important than the "clean" beat-and-raise quarter was ...
