Wells Fargo and Mizuho maintain bullish ratings on CRWD, citing strong demand and upward revisions to price targets.
CrowdStrike Holdings Inc (NASDAQ:CRWD) shares have risen 31% year-to-date and 35% over the past year, driven by robust demand in cybersecurity. Analysts at Wells Fargo retained a Buy rating with a $525 price target on May 5, while Mizuho upgraded the stock to Outperform from Neutral on April 27, lifting its target to $520 from $490.
The upgrades follow positive channel checks indicating healthy demand for CrowdStrike’s services. Sentiment around the stock has improved after concerns over AI-driven competition, such as Anthropic, failed to materialize as a threat. CrowdStrike’s CEO, George Kurtz, previously emphasized that insurers require third-party security solutions, reinforcing the company’s position.
Despite the gains, some analysts argue that select AI stocks may offer greater upside with lower risk.