Deutsche Bank upgrades CrowdStrike to Buy and raises price target to $300
Deutsche Bank analyst Brad Zelnick upgraded CrowdStrike Holdings to a Buy rating on November 2, lifting the price target from $240 to $300. The upgrade cited accelerating AI‑driven demand for cybersecurity and a $565 billion total addressable market by 2034. On the same day CrowdStrike reported Q2 FY2027 revenue of $1.47 billion, up 25.8% year‑over‑year, and net new ARR of $332.8 million, a 51% increase.
Why it matters
Deutsche Bank expects the AI‑fuelled market expansion to drive further revenue growth and sees the stock having upside to the new $300 target (the bank’s note says). The guidance and partnership announcements could support higher valuations for investors.
Key facts
- 1Deutsche Bank raised its price target for CrowdStrike to $300 from $240. tradingview.com
- 2Analyst Brad Zelnick upgraded the rating to Buy. tradingview.com
- 3CrowdStrike reported Q2 FY2027 revenue of $1.47 billion, up 25.8% YoY. 247wallst.com
- 4Net new annual recurring revenue jumped 51% to $332.8 million. 247wallst.com
- 5CrowdStrike announced expanded partnerships with CoreWeave, Dynatrace and Deloitte. investors.com
- 6The company’s ARR reached $5.84 billion, up 25% year‑over‑year. finance.yahoo.com
Summary written by AlphAI AI Desk from 17 of 17 sources. Not investment advice. Figures are as stated by the linked sources.