Overview
- Argus raised its CrowdStrike target to $600 on Dec. 5 following management’s updated guidance and stronger momentum.
- Fiscal Q3 revenue rose 22% year over year to $1.23 billion, ARR reached $4.92 billion, and net new ARR hit a record $265 million.
- The company guided fiscal Q4 revenue to $1.29–$1.30 billion and projected full-year revenue of about $4.80–$4.81 billion.
- CEO George Kurtz cast CrowdStrike as an enabler of secure AI transformation as customers consolidate more security tools on the Falcon platform, with deeper multi-module adoption reported by bullish commentators.
- Market coverage highlights valuation risk, noting the share price already embeds years of strong growth and profitability.