Morgan Stanley Raises CrowdStrike Price Target to $690
Morgan Stanley raised CrowdStrike (CRWD) price target from $610 to $690, reiterating Overweight rating, following Q1 2027 earnings. The update reflects confidence in AI-driven demand and platform strength.
Key Numbers
Morgan Stanley raised the price target for CrowdStrike Holdings (NASDAQ:CRWD) to $690 per share from $610, while reiterating an "Overweight" rating. The update follows CrowdStrike's Q1 2027 earnings release.
Rating Change
- Previous Rating: Overweight
- Current Rating: Overweight
- Previous Price Target: $610
- New Price Target: $690
Analyst Rationale
Morgan Stanley analysts cite growing demand for AI-powered cybersecurity solutions and CrowdStrike's strong cloud platform as key drivers for revenue and earnings growth. They also note improved cybersecurity spending environment.
Context
The upgrade comes after CrowdStrike beat analyst estimates in Q1 earnings. The stock has also received positive ratings from other analysts, with CRWD rising about 15% over the past month.
Conclusion
The raised price target reflects analyst confidence in CrowdStrike's prospects amid sustained demand for cybersecurity and AI. However, the stock remains subject to market volatility and competition.
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