Overview
- Wedbush’s Daniel Ives maintained an Outperform rating on CrowdStrike and raised his price target from $525 to $600, with a bullish case above $700 if execution stays on track.
- Ives cited robust deal momentum heading into 2026 and strong adoption across Cloud, Identity, and LogScale, with Data Protection and Charlotte AI showing notable strength through October.
- The analyst reported a surge in revenue tied to AI-focused cybersecurity since early 2025, alongside easing discounting and continued gains in new-customer wins.
- Company data reflect long-term traction: customers with at least five modules rose from 33% in fiscal 2020 to 67% in fiscal 2025, revenue grew at a 52% CAGR from 2020 to 2025, and adjusted gross margin expanded from 75% to 80%.
- Recent growth has moderated as the market matures, yet Wedbush projects third-quarter revenue of $1.21 billion and EPS of $0.94, and shares traded up 0.78% premarket to $547.23 on Monday.