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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.