CrowdStrike (CRWD, Financial) is grabbing the spotlight again, and for good reason. Despite a rough patch this summer, when a system outage threw a wrench in operations, analysts are doubling down on their bullish bets. Rosenblatt Securities and Evercore ISI have both jacked up their price targets, with Evercore setting the bar at $400. Their reasoning? The July fiasco seems like yesterday's news, thanks to CrowdStrike's quick recovery moves, like offering customers credits and rolling out flexible pricing packages. Even with a minor 2% dip today, the stock's up a whopping 45% year-to-date.
But it's not all sunshine. Delta Air Lines (NYSE: DAL) has come knocking with a $500 million lawsuit over the outage, and there's a $60 million Annual Recurring Revenue (ARR) hit expected in the back half of 2025. Still, big names like JPMorgan and Cantor Fitzgerald aren't flinching. JPMorgan sees over $1 billion in ARR growth coming down the pipeline, while Cantor is hyped about broader adoption of CrowdStrike's platform. Meanwhile, CrowdStrike isn't sitting still—it's partnering with Plurilock Security Inc. to fortify its standing in the cutthroat cybersecurity market.
Investors are watching closely as Q3 earnings loom, ready to see if the company's rebound story lives up to the hype. CrowdStrike has proven it can weather storms and come out stronger. With the stock riding high and institutional confidence solid as ever, this might just be the next chapter in its growth saga.
