Truist Raises CrowdStrike Price Target to $550 After Fal.Con, Reaffirms Buy
Truist cites rapid innovation powered by AI tailwinds.
Overview
- On September 18, Truist reaffirmed its Buy rating and lifted the target from $500 to $550, according to coverage published September 24.
- The revision followed Fal.Con, where CrowdStrike outlined long-term operating assumptions, new solutions and features, total addressable market, and fiscal 2027 targets.
- Truist said CrowdStrike is well positioned to benefit from artificial intelligence, vendor consolidation, and a more hazardous security environment.
- The coverage describes the company as a pioneer in AI-powered endpoint and cloud workload protection.
- The article includes a disclosure stating there are no conflicts.