BMO Capital analyst Keith Bachman maintained a Buy rating on CrowdStrike Holdings (CRWD – Research Report) today and set a price target of $405.00.
Keith Bachman has given his Buy rating due to a combination of factors that highlight CrowdStrike Holdings’ strong position in the security market. Despite some short-term challenges stemming from customer commitment packages related to a previous outage, the company is expected to see normalized growth and margins in the future. Bachman has adjusted his financial estimates for the fiscal year 2026, reflecting a more back-half weighted performance, but remains optimistic about the company’s long-term potential.
Moreover, CrowdStrike’s recent performance in terms of Annual Recurring Revenue (ARR) and total contract value growth is noteworthy. The company reported a net new ARR that exceeded consensus expectations, and its total contract value grew significantly year-over-year. As the impact of customer commitment packages diminishes, Bachman anticipates an acceleration in net new ARR in the latter half of fiscal year 2026. Additionally, CrowdStrike’s strategic position as a leading endpoint security vendor with a broadening portfolio of solutions and attractive valuation relative to its growth potential further supports the Buy rating.
According to TipRanks, Bachman is a 5-star analyst with an average return of 11.7% and a 58.30% success rate. Bachman covers the Technology sector, focusing on stocks such as Salesforce, Adobe, and Atlassian.
In another report released today, Bernstein also maintained a Buy rating on the stock with a $347.00 price target.