Jefferies Raises CrowdStrike Price Target Amid AI Growth

On September 18, CrowdStrike's stock rose by 10% following Jefferies' decision to increase its price target from $500 to $515, driven by new AI partnerships and positive growth forecasts. The cybersecurity company gained attention after its Fal.Con conference, where it announced expansions in artificial intelligence and identity security offerings.

Executives projected over 20% net new annual recurring revenue growth for fiscal 2027, indicating a 22% overall ARR increase, two points above consensus. Analysts noted that this outlook bolstered confidence in CrowdStrike's growth trajectory.

A significant highlight was the expanded collaboration with Salesforce CRM. The two companies plan to integrate CrowdStrike's Falcon platform into Salesforce workflows, introducing tools like Charlotte AI, which tracks autonomous AI agents, flags risks, and recommends fixes directly in applications such as Slack.

CrowdStrike also extended its collaboration with NVIDIA NVDA. Charlotte AI AgentWorks now utilizes NVIDIA's Nemotron models, enhancing security coverage across AI development and deployment.

CRWD was trading around the 445 mark, testing the 50 moving average. The circulation of options around the $450 calls suggests traders expect the shares to rise in upcoming sessions.