CrowdStrike Shares Surge 5% on Bullish Analyst Outlook Amid Strong Cybersecurity Demand
CrowdStrike Holdings Inc. (CRWD) rallied 5.3% in afternoon trading as Cantor Fitzgerald reaffirmed its Overweight rating with a $590 price target—a potential 29% upside from current levels. The cybersecurity firm demonstrated accelerating momentum with Net New Annual Recurring Revenue soaring 73% year-over-year to $265 million.
Management raised second-half 2026 growth guidance to at least 50%, up from previous estimates. Platform adoption metrics impressed, with 49% of customers using six or more modules. The Falcon Flex offering saw particularly strong traction, with annual recurring revenue from Flex accounts tripling to $1.35 billion.
Despite closing at $483.10—still 13.4% below its November 2025 peak—the stock has gained 6.5% year-to-date. Analysts highlight CrowdStrike's expanding product suite and enterprise adoption as key drivers for sustained growth in the booming cybersecurity sector.
