CrowdStrike's Re-Flex, Next-Gen SIEM System Remain Key Drivers, RBC Says

MT Newswires Live12-04

CrowdStrike's (CRWD) Re-Flex and Next-Gen SIEM system remain key drivers and contribute towards the brokerage's confidence for continued momentum into fiscal 2027, RBC said in a Wednesday note.

RBC further saw opportunity around agentic security and its related pricing in fiscal 2027 and increased partner traction, along with the expanded threat landscape with generative artificial intelligence driving the need for security consolidation as key factors into the company's momentum into fiscal 2027.

Noting the company's Q3 earnings, RBC said the results were "once again driven by Flex" with ending annual recurring revenue from Flex accounts over $1.35 billion, up over 200% year-on-year, with ReFlex customers now more than doubled from last quarter.

The firm rated CrowdStrike as outperform with a $621 price target.

Price: 512.91, Change: -3.64, Percent Change: -0.71

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