CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is one of the AI Stocks Making Headlines on Wall Street. On November 25, DA Davidson raised its price target on the stock to $580 from $515 while maintaining a “Buy” rating. The PT raise comes ahead of CRWD’s Q3 results, with analysts expecting a strong beat & raise for the quarter.
According to the firm, Crowdstrike will likely deliver a strong quarter driven by continued momentum in net new annual recurring revenue (NNARR). This will likely boost investor confidence in Crowdstrike delivering the targeted 20% y/y growth in FY27.
Analysts noted how shares have outperformed the iShares Expanded Tech-Software Sector ETF (IGV) by an estimated 23% since the company’s September Investor Day “even after the recent pullback in step with the market & valuation remains frothy vs. comps.”
“We are thus unsure if results will be enough to catalyze shares near-term, but we remain BUY rated & are raising our PT from $515 to $580 as we remain very bullish on the CRWD story over the long term.”
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is a leader in AI-driven endpoint and cloud workload protection.
While we acknowledge the potential of CRWD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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