Analyst Joseph Gallo expects CrowdStrike to exceed Q1 net new annual recurring revenue estimates of $275M amid rising investor expectations.
Jefferies raised its price target on CrowdStrike (NASDAQ:CRWD) to $775 from $500 and maintained a Buy rating. The firm anticipates a Q1 earnings beat but noted that recent share gains have elevated expectations.
CrowdStrike is projected to add $275M in net new annual recurring revenue (ARR) for Q1, though near-term stock performance may remain subdued without stronger Q2 and fiscal 2027 guidance. Other firms, including Oppenheimer and Benchmark, also increased their price targets this week.
The company recently expanded Project QuiltWorks to integrate cyber insurance expertise, partnering with firms like Marsh and Liberty Mutual to address financial exposure risks tied to AI and cyber threats.