CrowdStrike Holdings Inc (NASDAQ:CRWD) is set to deliver another strong quarter when it reports earnings after the bell, according to Wedbush, which raised its 12-month price target on the cybersecurity firm to $525 from $475, citing increased confidence in the company’s growth trajectory.
“CrowdStrike remains one of our favorite tech names,” analysts at Wedbush wrote in a note on Tuesday, adding that the company is in the “early innings of its multi-year growth story” and continues to solidify its position as “the gold standard for cybersecurity.”
Wedbush expects CrowdStrike to beat both the Street revenue estimate of $1.1 billion and the company’s own guidance of $1.1006 billion to $1.1064 billion for its fiscal first quarter, driven by robust deal activity and a strong uptick in demand for AI-integrated security products.
The brokerage said its latest industry checks indicate that CrowdStrike’s cross-selling and monetization efforts are “hitting its next stage of growth into FY26.” New customer acquisition remains strong, while less discounting in the field suggests a “clear tailwind” from AI adoption, it added.
“With its current momentum within the AI-cyber space, the company has seen less discounting in the field while new logos are increasing,” Wedbush wrote. “As the second and third derivatives of AI play out, we see CRWD as a core beneficiary.”
CrowdStrike’s Falcon platform, which serves as the backbone of its cyber-AI strategy, is gaining traction among both new and existing clients, the analysts noted. AI-related revenue has significantly outpaced year-ago levels since the beginning of calendar 2025 and is expected to continue accelerating.
The company “remains at the forefront of securing the AI Revolution over the coming years,” Wedbush noted, highlighting that the company has taken “strategic steps to integrate AI across its portfolio to capitalize on elevated demand for advanced cyber solutions.”
The analysts also projected that CRWD’s net new annual recurring revenue growth would reaccelerate in the second half of FY26, underpinned by growing enterprise spend on AI-powered security tools.
Wedbush sees further upside in a bullish scenario, with shares potentially reaching $575 over the next 12 months as CrowdStrike “executes on its core growth strategy.”