CrowdStrike (NASDAQ:CRWD) Stock Price at $438 With AI Partnerships Driving $610 Outlook

NASDAQ:CRWD Stock at $438.40 Amid AI Security Momentum

CrowdStrike Holdings trades at $438.40, down -1.48% intraday, giving it a market capitalization of $111.6 billion. Over the last year, the stock surged +63.1%, vastly outperforming the S&P 500’s +17% gain. Shares remain below the 52-week peak of $517.98, but well above the $263.45 low, showing strong resilience despite valuation pressures.

Quarterly Performance Shows $1.17B Revenue and ARR Acceleration

In the latest quarter, CrowdStrike (NASDAQ:CRWD) reported $1.17 billion in revenue, up 21% year-over-year, beating Wall Street by $20 million. Annual recurring revenue hit $4.66 billion, with a $221 million net new ARR, the highest in company history. Growth in Falcon Flex subscriptions supported this, with over 1,000 Flex customers, 220 added last quarter, and over 75% utilization rates.

Margins Under Pressure Despite Strong Top-Line Growth

Gross margins stood at 78%, slightly down from 79% a year earlier, while non-GAAP operating margin slipped 170 bps to 21.8%. Free cash flow margin dropped to 24.3%, equating to $283.6 million, reflecting higher R&D expenses rising 28% YoY. Heavy stock-based compensation, at 24.3% of revenue, weighed on profitability, widening the GAAP net loss to $78 million, even as non-GAAP net income hit $237 million.

AI Partnerships With Salesforce and NVIDIA Cement Market Position

CrowdStrike recently announced deep integrations with Salesforce (NYSE:CRM) and NVIDIA (NASDAQ:NVDA). The Salesforce partnership brings Charlotte AI into enterprise workflows through Slack, enabling real-time AI threat detection and remediation. With NVIDIA, CrowdStrike’s AgentWorks integrates with Nemotron (NeMo) models, securing AI training and deployment pipelines. These deals highlight CrowdStrike’s central role in agentic AI governance, a sector projected to become mission-critical.

New Acquisition Expands AI Security Capabilities

A definitive deal to acquire Pangea for $260 million strengthens CrowdStrike’s AI security stack. Combined with its recent rollout of Threat AI at the Fal.Con conference, the company is positioning itself as the default AI security platform, capable of automating malware analysis, threat hunting, and SOC workflows.

Fal.Con Conference Draws 8,000+ Attendees and 100+ Sponsors

At its flagship Fal.Con event, CrowdStrike unveiled new Falcon platform upgrades and showcased adoption across enterprise clients. The event signaled accelerating customer consolidation, with 60% of large customers using 8+ modules, 33% using 7+, and 48% at 6+ modules, proving sticky revenue expansion.

Analyst Ratings and Price Targets Highlight Wide Valuation Spread

Wall Street remains split on NASDAQ:CRWD. Average analyst target sits at $469.99, implying +7% upside from today’s $438 level. The bullish camp, led by Wedbush and Susquehanna, sees $525–$530 targets, while Bernstein remains cautious at $343. DA Davidson holds a Buy rating with a $490 target, while Mizuho maintains Neutral at $450.

Valuation Stretched With Forward P/E at 125

The stock’s valuation is steep, trading at 125x forward earnings and 25.4x price-to-sales. The PEG ratio at 5.03 and EV/EBITDA of over 2,000x reflect expectations of near-perfect execution. While long-term ARR guidance of $10B by FY2031 is achievable, current pricing leaves little margin for error.

Technical Levels: Support at $427 and Resistance at $460–$470

Technically, CrowdStrike stock has tested the 50-day SMA at $445 multiple times without sustaining momentum. Resistance sits between $460–$470, with bullish options activity clustering around $450 strike calls. Support is visible at $427–$430, with deeper support at the 200-day SMA near $412. A breakdown below $412 could trigger accumulation by long-term funds, but failure to hold above $445 risks renewed selling.

NASDAQ:CRWD Investment Outlook — Buy, Sell, or Hold?

At $438.40, CrowdStrike offers exposure to AI-driven cybersecurity with unmatched ARR growth and deep partnerships across Salesforce, NVIDIA, AWS, and Meta. However, with a forward P/E of 125 and reliance on flawless execution, the valuation risk is real. Based on earnings acceleration, strategic positioning, and AI adoption tailwinds, NASDAQ:CRWD remains a Buy for long-term investors, but entry points closer to $400 or below would provide superior risk/reward. Near-term, traders should watch $460 resistance as the breakout trigger toward $500–$525.

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