CrowdStrike Posts Robust Profit, Healthy Outlook, Wedbush Says

MT Newswires Live00:19

CrowdStrike (CRWD) issued strong fiscal 2027 guidance that was ahead of consensus after delivering "slight" beats on the top and bottom lines in Q4, Wedbush said in a note Wednesday.

The report said its clients continue to increase spending across its platform with 50% of customers now having more than six modules, pointing to the "stickiness" of the platform.

The note also said its Charlotte agentic security platform continues to be "durable and differentiated" through innovation to address the evolution of AI adversaries.

"CRWD remains one of our favorite cyber names to own in 2026," the report said. "The Street is underestimating its growth potential of its multi-year AI growth story."

Wedbush kept its outperform rating on the stock while lowering its price target to $550 from $600 to reflect a lower multiple.

Price: 389.64, Change: -1.78, Percent Change: -0.45

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