In a report released today, Peter Weed from Bernstein maintained a Buy rating on CrowdStrike Holdings (CRWD – Research Report), with a price target of $347.00.
Peter Weed has given his Buy rating due to a combination of factors that highlight both the strengths and challenges faced by CrowdStrike Holdings. Despite a notable revenue beat in the fourth quarter of fiscal year 2025, the company experienced a decline in net revenue retention (NRR), reaching a new low of 112%. This decline, coupled with weak quarter-over-quarter expansion for existing customers, presents a narrative challenge for CrowdStrike, which has been known for its strong customer expansion rates.
However, the company’s broad platform, including offerings in Logscale, Identity, and Cloud security, positions it well for future growth. While short-term margins are impacted by increased costs related to sales compensation and an outage, the long-term outlook remains steady. The analyst’s model adjustments, reflecting a more conservative NRR path, still support a positive outlook with a one-year price target of $347, reinforcing the Outperform rating.
Weed covers the Technology sector, focusing on stocks such as Datadog, Okta, and Zscaler. According to TipRanks, Weed has an average return of 11.0% and a 54.67% success rate on recommended stocks.
In another report released today, Jefferies also maintained a Buy rating on the stock with a $425.00 price target.