Rosenblatt Securities set a $275 price target on CrowdStrike while keeping its Buy rating; analyst Catherine Trebnick expects CrowdStrike's fiscal third-quarter 2027 results to slightly exceed expectations.
CrowdStrike ended Thursday at $229.87, a 9% gain for the session. In Friday premarket trading, the stock was quoted at $237.70, 3.41% above Thursday's close. The new target is up from $250.
Rosenblatt said partner feedback was more favorable than it had anticipated and demand had held at least steady from the prior quarter. Rosenblatt linked Falcon Flex with faster customer spending and a greater allocation of security budgets to CrowdStrike.
The brokerage attributed the pullback since Nov. 4 to valuation concerns affecting expensive software stocks and said it did not reflect weaker CrowdStrike fundamentals. Deutsche Bank raised its target to $300 on Nov. 2.
