TLDR
- CRWD stock rose 5.3% after Cantor Fitzgerald reiterated Overweight rating with $590 price target
- Net New Annual Recurring Revenue grew 73% year-over-year to $265 million
- Company raised second-half 2026 NNARR growth guidance from 40% to at least 50%
- Platform adoption expanding with 49% of customers using six or more modules
- Falcon Flex ARR jumped 200% year-over-year to $1.35 billion
CrowdStrike shares climbed 5.3% on January 7, 2026, after Cantor Fitzgerald reiterated its Overweight rating. The analyst firm set a $590 price target for CRWD stock.
CrowdStrike Holdings, Inc., CRWD
The upgrade follows strong business momentum from the cybersecurity company. Revenue grew more than 20% compared to the same period last year.
CRWD stock closed at $483.10, trading 13.4% below its 52-week high of $557.53. Year-to-date, shares are up 6.5%.
Cantor Fitzgerald’s price target represents 29% upside from current levels. The firm cited several growth metrics supporting their bullish outlook.
Revenue Growth Exceeds Wall Street Expectations
Net New Annual Recurring Revenue jumped 73% year-over-year to $265 million. This metric tracks new recurring business added each quarter.
Management raised guidance based on the strong performance. CrowdStrike now expects second-half 2026 NNARR growth of at least 50%.
The new projection increases from the previous 40% estimate. Leadership maintained expectations for at least 20% NNARR growth in fiscal 2027.
Platform adoption continues expanding across customers. Currently, 49% of customers run six or more modules.
Another 24% use eight or more modules. This indicates deeper integration into customer security operations.
Product Portfolio Drives Customer Growth
Several offerings delivered record performance in Q3. Next-Gen SIEM, cloud solutions, and Falcon Shield all posted record net new ARR.
Falcon Flex showed particularly strong results. ARR from Flex accounts grew 200% year-over-year to $1.35 billion.
Re-Flex customers more than doubled quarter-over-quarter to over 200 accounts. Cantor Fitzgerald called this “leading GTM innovation.”
CrowdStrike recently launched Falcon AI Detection and Response. The new solution targets protection for enterprise AI systems.
Freedom Capital Markets upgraded CRWD stock from Hold to Buy. The firm raised its price target to $550 citing strong cybersecurity demand.
Citizens maintained its Market Outperform rating on CRWD stock. The firm supports CrowdStrike’s leadership in endpoint protection.
CrowdStrike achieved perfect scores in the 2025 MITRE ATT&CK Enterprise Evaluations. The results demonstrate capability in cross-domain attack detection.
Thirty-five analysts recently revised earnings expectations upward for CRWD stock. Investors who bought $1,000 of shares five years ago would now hold $2,181.
CRWD stock has experienced 16 moves greater than 5% over the last year. The Board approved a performance-based equity award for CEO George Kurtz tied to shareholder returns.
The post CrowdStrike (CRWD) Stock: Analysts See 29% Upside After Strong Quarter appeared first on Blockonomi.
Source: https://blockonomi.com/crowdstrike-crwd-stock-analysts-see-29-upside-after-strong-quarter/