CrowdStrike Jumps 10% as Jefferies Boosts Price Target On AI Momentum

Sep 18 - CRWD stock rises 10% on Thursday after Jefferies lifted its price target to $515 from $500, citing momentum from new AI partnerships and upbeat growth forecasts. The cybersecurity firm gained attention following its Fal.Con conference, where management outlined expansion in artificial intelligence and identity security offerings.

Executives projected more than 20% net new annual recurring revenue growth for fiscal 2027, implying a 22% overall ARR increase, two points higher than consensus. Analysts said the outlook reinforced confidence in CrowdStrike's growth path.

A highlight came from its expanded collaboration with Salesforce CRM. The two firms plan to integrate CrowdStrike's Falcon platform into Salesforce workflows, rolling out tools like Charlotte AI, which tracks autonomous AI agents, flags risks, and recommends fixes directly in applications such as Slack.

CrowdStrike also extended its work with NVIDIA NVDA. Charlotte AI AgentWorks now leverages NVIDIA's Nemotron models, widening security coverage across AI development and deployment.

CRWD was trading around the 445 vicinity pushing at the 50 moving average. The options that are in circulation around the $450 calls are an indication of traders on whose expectation is that the shares would move higher in the following sessions.