CrowdStrike Holdings Inc (NASDAQ:CRWD) shares are climbing Thursday. BMO Capital raised its price target on the stock and kept a bullish rating. Here’s what you should know.
- CrowdStrike Holdings stock is showing positive momentum. What should traders watch with CRWD?
BMO Capital Raises CrowdStrike Price Target After Investor Meetings
BMO Capital analyst Keith Bachman kept an Outperform rating on CrowdStrike and lifted the price target to $295 from $235, a 25.53% jump.
After hosting investor meetings with CrowdStrike’s senior leadership, Bachman feels more certain that the company’s growth will last.
BMO’s higher target rests largely on what management said about spending. Management told BMO that enterprise security budgets should keep climbing in calendar 2027. Two forces support that view. Companies must protect new attack surfaces created by AI and AI agents, and AI-driven efficiencies free up other budget that can move to security.
Management also warned that the fallout from breaches and attacks keeps growing, which will push organizations to spend more on protection. The company suggested that security could claim a bigger share of total tech spending in the AI era.
Management also noted that more enterprise CEOs have called CrowdStrike’s leaders unprompted since Mythos. BMO believes that outreach can help CrowdStrike capture a bigger slice of corporate security spending over time.
That outlook underpins BMO’s view of the stock’s price. Bachman acknowledged that CrowdStrike trades at a richer valuation than its peers. Bachman argues the company’s market position justifies that premium. In BMO’s view, CrowdStrike is the best-placed vendor in a cybersecurity market that is growing in importance. BMO’s overall sentiment on the stock is positive.
CRWD Shares Are Climbing
CRWD Price Action: CrowdStrike shares were up 0.43% at $266.58 at the time of publication on Thursday, according to Benzinga Pro.
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