Add as a preferred source on GoogleCrowdStrike Climbs 9% After Rosenblatt Lifts Target to $275
Rosenblatt kept its Buy rating and expects a slight fiscal third-quarter 2027 beat and guidance increase, citing partner feedback and demand.
CrowdStrike (CRWD) shares rose 9% Thursday to close at $229.87 after Rosenblatt raised its price target to $275 from $250 and retained its Buy rating.
The shares traded at $237.70 in Friday premarket, 3.41% above Thursday’s close. Rosenblatt analyst Catherine Trebnick expects CrowdStrike to slightly exceed expectations for fiscal third-quarter 2027 and increase its guidance.
Rosenblatt described partner feedback as better than planned and demand as at least steady compared with the previous quarter. The firm also pointed to Falcon Flex as a factor in customers bringing spending forward and directing more of their security budgets to CrowdStrike.
Rosenblatt characterized the roughly 10% pullback since Nov. 4 as a valuation reset among expensive software stocks, rather than a change in CrowdStrike’s fundamentals. On Nov. 2, Deutsche Bank raised its CrowdStrike price target to $300.