CrowdStrike Holdings, Inc. (NASDAQ: CRWD) is back in the spotlight this week after delivering a strong fiscal Q3 2026 earnings report, unveiling a wave of AI and cloud security partnerships, and attracting a fresh round of Wall Street price target hikes.
As of Thursday, December 4, 2025, CrowdStrike stock is trading near record highs, while analysts debate whether the company’s AI-fueled growth justifies its premium valuation. Here’s a detailed look at the latest news, numbers, and forecasts driving CRWD today.
CrowdStrike (CRWD) stock price today: trading near the top of its range
On Thursday, CRWD opened at $524.17 per share on the Nasdaq. MarketBeat’s live data shows the stock up about 1.5% on the day, with a 52‑week range of $298.00 to $566.90 and a market capitalization around $131.6 billion. [1]
Key balance-sheet and risk metrics from recent filings and analyst summaries:
- Quick and current ratio: 1.88 — indicating a solid liquidity position. [2]
- Debt-to-equity: 0.20 — relatively low leverage for a large-cap growth tech name. [3]
- Beta: 1.09 — modestly more volatile than the broader market. [4]
On a GAAP basis, CrowdStrike still reports a negative net margin (‑6.9%) and negative ROE (‑2.2%), which is why the trailing price-to-earnings ratio screens at roughly ‑416x. [5] However, that headline P/E masks the company’s profitable non‑GAAP operations and rapidly scaling cash flow — one of the main reasons growth investors stay interested.
Q3 FY2026 earnings: revenue beat, EPS beat, and a higher outlook
CrowdStrike’s fiscal third quarter 2026 (ended October 31, 2025) is the anchor for nearly all of today’s commentary.
Headline numbers
According to the company’s release and multiple independent summaries:
- Revenue: about $1.23 billion, up ~22% year over year, and slightly ahead of Wall Street expectations around $1.21–$1.22 billion. [6]
- Non‑GAAP EPS:$0.96, beating the consensus estimate of $0.94 and up from $0.93 a year ago. [7]
- GAAP bottom line: roughly $34 million net loss, or ($0.14) per share, deeper than last year’s loss of about $16.8 million (‑$0.07). [8]
Analysts also highlight that CrowdStrike delivered record new annual recurring revenue (ARR) in the quarter — around $265 million of net new ARR, representing growth north of 70% year over year, a key signal that demand for the Falcon platform remains strong despite its scale and premium pricing. [9]
Guidance: upbeat revenue outlook
The part that grabbed Wall Street’s attention was guidance:
- Q4 FY2026 revenue: CrowdStrike now expects $1.29–$1.30 billion, well above analyst forecasts around $1.22 billion. [10]
- Full‑year FY2026 revenue: raised to $4.80–$4.81 billion, also ahead of prior expectations and reflecting ~23% growth from FY2025’s $3.95 billion. [11]
- EPS outlook: MarketBeat’s summary notes FY2026 non‑GAAP EPS guidance of $3.70–$3.72 and Q4 EPS guidance of $1.09–$1.11. [12]
Reuters characterizes this as a “stronger‑than‑expected” Q4 outlook, explicitly tying the improved forecast to increased adoption of AI‑enhanced tools within CrowdStrike’s Falcon platform. [13]
A reputational rebound after the 2024 outage
The same Reuters piece underlines that this upbeat guidance marks a turnaround after last year’s highly publicized faulty software update, which triggered widespread outages on Windows systems and disrupted operations at hospitals, banks, airports, and other organizations worldwide. [14]
That incident temporarily damaged CrowdStrike’s reputation and sparked regulatory scrutiny; today’s sustained growth and customer wins suggest the company has largely rebuilt trust with enterprises betting on its cloud-native security architecture.
Market reaction: initial selloff, then recovery
Despite the beat‑and‑raise quarter, CRWD’s first move was down, not up:
- TIKR reports that CrowdStrike stock fell about 3% in pre‑market trading on December 3, even though revenue and earnings topped consensus. The article cites profit‑taking and stretched valuation as key drivers. [15]
- GuruFocus and other outlets similarly note that “CrowdStrike Tops Q3 Earnings — Here’s Why Stock Is Falling,” pointing to high expectations baked into the stock after a strong year‑to‑date run. [16]
By December 4, however, the narrative had shifted:
- MarketBeat’s “Wall Street Punished CrowdStrike for Beating Earnings? Seriously?” piece argues that the initial dip reflected knee‑jerk trading rather than fundamentals, noting record ARR growth and strong guidance. [17]
- As more analyst upgrades and AI partnership news landed, CRWD clawed back those losses and now trades above $520, close to its all‑time high. [18]
In other words, traders sold the news; investors seem to be buying the story.
AI and cloud security: AWS, NVIDIA, HPE, Kroll and more
A major reason analysts keep raising long‑term targets: CrowdStrike is aggressively positioning itself as the platform of record for AI‑era security operations. The past few days have seen a cluster of announcements.
1. Deepening partnership with AWS
At AWS re:Invent 2025, CrowdStrike unveiled several important milestones:
- AWS 2025 Global Security Partner & Global Marketplace Partner of the Year
On December 2, CrowdStrike announced it was named AWS 2025 Global Security Partner of the Year and Global Marketplace Partner of the Year, plus regional Technology Partner of the Year in several geographies. These awards recognize CrowdStrike’s role in securing every stage of cloud adoption and highlight that Amazon itself uses CrowdStrike to help secure its infrastructure — a powerful proof point. [19] - Falcon Next‑Gen SIEM + Cloud Security — Quick Launch & pay‑as‑you‑go
On December 1, CrowdStrike and AWS rolled out enhanced SaaS Quick Launch for Falcon® Next‑Gen SIEM in AWS Marketplace, combined with pay‑as‑you‑go pricing for both Falcon Next‑Gen SIEM and Falcon Cloud Security. This makes CrowdStrike the first cybersecurity partner to deliver an enhanced Quick Launch experience that auto‑connects to key AWS services like CloudTrail, Security Hub, and GuardDuty, with simplified onboarding and usage‑based billing. [20] For customers, that means:- Faster onboarding (telemetry streaming from AWS in minutes rather than days).
- Ability to scale SIEM and cloud security by consumption, rather than large upfront licenses.
- Integrated, AI‑driven detection across endpoints, identities, cloud workloads, and AWS logs in a single Falcon interface.
- Real‑time cloud detection and response
Additional re:Invent announcements introduced new real-time cloud detection and response (CDR) innovations, allowing the platform to react in seconds to suspicious cloud activity rather than relying on slower batch processes. [21]
2. NVIDIA Nemotron + Amazon Bedrock: powering “agentic security”
On December 2, CrowdStrike published a detailed blog explaining how it is integrating NVIDIA’s Nemotron open models via Amazon Bedrock into the Falcon platform to power what it calls “agentic security.” [22]
Key points:
- Nemotron models are now used inside Falcon Fusion SOAR and Charlotte AI™ AgentWorks to give security playbooks and AI agents deeper reasoning abilities across text, code, and documents. [23]
- By running Nemotron on Amazon Bedrock, CrowdStrike can scale these capabilities with a managed, serverless infrastructure, reducing complexity and speeding deployment of autonomous security agents. [24]
The strategic message: as attackers adopt AI to automate and accelerate attacks, CrowdStrike is deploying always‑on AI agents to detect, reason and respond across the full attack surface.
3. HPE Unleash AI and secure AI “factories”
In another AI‑focused move, CrowdStrike announced it is joining the HPE Unleash AI partner program to secure HPE Private Cloud AI environments powered by NVIDIA. [25]
- The partnership aims to protect end‑to‑end “AI factories” — from infrastructure and workloads to identities and data — using the Falcon platform.
- It builds on existing integrations with HPE Zerto and HPE OpsRamp, aligning business continuity, observability, and cyber resilience under one umbrella. [26]
4. Kroll MDR: half a million endpoints migrating to Falcon
On December 2, Kroll announced a multi‑year partnership to migrate protection for more than 500,000 endpoints to CrowdStrike Falcon Complete Next‑Gen MDR. [27]
The release highlights:
- A claimed 75% reduction in mean time to respond (MTTR) using Falcon Complete.
- Over 13 million detections resolved annually on the platform. [28]
For investors, this underscores CrowdStrike’s ability not only to land new customers, but to serve as the consolidation platform for large managed security providers.
5. EY, Onum, Pangea and network partners: building the agentic SOC
The last several months also saw a series of moves that feed directly into the agentic SOC (security operations center) vision:
- EY selects CrowdStrike Falcon Next‑Gen SIEM as the foundation of its global managed cybersecurity services, giving CrowdStrike a marquee consulting partner to drive SIEM adoption. [29]
- Onum acquisition: CrowdStrike agreed to acquire Onum, a specialized telemetry pipeline company, to improve how Falcon Next‑Gen SIEM ingests, normalizes, and queries massive volumes of data — including AWS data via Amazon Athena federated search. [30]
- Pangea acquisition and integrations at Fal.Con 2025: at its Fal.Con 2025 conference, CrowdStrike announced a deal to acquire Pangea, a startup focused on security for generative‑AI applications, and new integrations with Dispersive, Versa and ExtraHop that extend Falcon’s reach into the network and AI lifecycle. [31]
Collectively, these moves reinforce the thesis that CrowdStrike is evolving from an endpoint security vendor into a full AI‑native security cloud and SOC platform.
6. CoreWeave partnership: secure AI infrastructure
Earlier in November, CrowdStrike also announced a partnership with CoreWeave, a high‑performance AI cloud provider:
- The collaboration combines CoreWeave’s GPU‑rich AI cloud with the Falcon platform, aiming to deliver secure infrastructure for AI workloads. [32]
- Some coverage noted a “sell‑the‑news” reaction in CRWD shares, but most analyses view the deal as incremental evidence of CrowdStrike’s role in AI infrastructure, not just security tools.
Analyst sentiment today: mostly bullish, with valuation caveats
Wall Street has responded to the Q3 report and AI partnerships with fresh price target hikes and largely positive commentary, though not everyone agrees the stock is a bargain.
HSBC, Goldman Sachs, KeyBanc, Wedbush and others
Recent moves include:
- HSBC: raised its price target from $417 to $446 but kept a “Hold” rating, implying ~15% downside from current levels. [33]
- Goldman Sachs: lifted its target from $535 to $564 with a Strong Buy stance, according to forecast aggregators. [34]
- KeyBanc: raised its target to $570 from $510, emphasizing CrowdStrike’s emergence as an “agentic SOC leader” and a consolidator in cybersecurity. [35]
- Wedbush: boosted its target to $600 from $525, calling CrowdStrike one of its favorite tech names and arguing that Street estimates still underestimate AI‑driven platform growth. [36]
- Capital One Financial: raised its price target to $600 and maintains an “Overweight” rating, according to MarketBeat’s rating recap. [37]
Consensus rating and average price targets
Across major data providers, sentiment is clearly positive:
- MarketBeat data:
- Average rating: “Moderate Buy”.
- Breakdown: 2 Strong Buy, 31 Buy, 17 Hold, 2 Sell recommendations.
- Average 12‑month price target: about $551.79. [38]
- StockAnalysis:
- Lists around 40 analysts covering CRWD, with a consensus “Buy” rating.
- Shows an average target near $545, with individual PTs ranging from the mid‑$300s to above $620. [39]
- TipRanks (analyst forecast page):
- Aggregates dozens of analysts with a majority “Buy” stance and an average target of roughly $550–$555. [40]
The takeaway: most analysts still see limited but positive upside from today’s ~$524 share price, but the spread between the lowest and highest targets is wide, reflecting genuine disagreement on valuation.
CrowdStrike stock forecast: revenue, EPS and valuation
Revenue and EPS projections
Consensus data compiled by StockAnalysis indicates that analysts expect CrowdStrike to keep growing at a high‑teens to low‑20s pace: [41]
- FY2026 revenue: about $4.88 billion, up 23% from FY2025’s $3.95 billion.
- FY2027 revenue: projected at roughly $5.95 billion, implying another ~22% growth year.
- Non‑GAAP EPS FY2026: around $3.75, a huge jump from an estimated ‑$0.08 the prior year as operating leverage kicks in.
- Non‑GAAP EPS FY2027: around $4.86, implying nearly 30% EPS growth.
Those numbers line up reasonably well with management’s own FY2026 EPS guidance of $3.70–$3.72, suggesting analysts are broadly in sync with the company’s trajectory. [42]
Valuation: rich, even by growth standards
Several commentary pieces — particularly from analysts and contributors on Motley Fool, Seeking Alpha and Alphaspread — flag valuation as the main reason to be cautious:
- One Seeking Alpha contributor pegs CrowdStrike at roughly 139x forward earnings, even after factoring in the upgraded guidance, and maintains a “Hold” rating with a 12‑month target around $560 (about 9% upside). [43]
- A widely shared article titled “CrowdStrike Reports Strong Results. But Shares Are Overvalued.” argues that while ARR growth re‑accelerated and fundamentals look excellent, the current share price leaves “little room for disappointment.” [44]
In short: the Street generally agrees that CrowdStrike deserves a premium multiple thanks to its leadership, growth and AI positioning — but there’s a growing debate about how high that premium should be as the stock flirts with its highs.
Qualitative strengths: why bulls like CRWD here
Across the latest research notes and news coverage, several bullish themes repeat:
- AI‑native platform and “agentic SOC”
CrowdStrike is seen as one of the clearest pure‑play beneficiaries of AI in cybersecurity. Its agentic security vision — always‑on AI agents embedded in Falcon, powered by NVIDIA and AWS — is a major reason KeyBanc, Wedbush, Goldman and others are comfortable raising targets. [45] - Platform consolidation and stickiness
Deals like Kroll’s 500,000‑endpoint migration and EY’s global SIEM partnership reinforce the idea that CrowdStrike is becoming the central nervous system of enterprise security operations, making it harder for customers to rip and replace the platform. [46] - Cloud hyperscaler validation
Being chosen by AWS not only as a partner-of-the-year, but also as a security provider for Amazon’s own infrastructure, sends a strong endorsement to large customers evaluating security vendors. [47] - Operational execution and ARR momentum
Record net new ARR growth above 70%, plus raised revenue and EPS guidance, signal that CrowdStrike is executing efficiently despite macro uncertainties. [48] - Employer brand and talent
CrowdStrike was recently named one of the Top 25 Workplaces in the World in 2025, which matters in a talent‑intensive field like cybersecurity where hiring and retaining elite engineers is a competitive advantage. [49]
Key risks to watch
At the same time, recent coverage and forecasts highlight several meaningful risks:
- Valuation risk
With forward earnings multiples north of 100x on many estimates, any slowdown in ARR growth, margin expansion, or AI adoption could trigger a sharp re‑rating. This is a classic “priced for perfection” setup. [50] - Execution and integration risk
Acquisitions (Pangea, Onum) and deep technical integrations (AWS Quick Launch, Nemotron, CoreWeave, HPE) add complexity. Missteps could slow the rollout of new capabilities or undermine the agentic SOC narrative. [51] - Security and reliability risk
Last year’s faulty update — which caused global outages and reputational damage — is a reminder that even security vendors can introduce systemic risk. Another major incident could hurt customer trust and invite regulatory action. [52] - Competition
CrowdStrike competes with giants like Microsoft, Palo Alto Networks, Zscaler and SentinelOne, all of whom are pushing their own AI‑infused platforms. The AWS and NVIDIA partnerships help, but the market remains fiercely contested. - Insider selling and institutional flows
MarketBeat notes that insiders have sold over 110,000 shares (approximately $56 million) over the last 90 days, even as hedge funds and institutions remain heavily invested. [53] Insider selling doesn’t automatically mean trouble, but it feeds valuation worries for some investors.
Is CrowdStrike stock a buy after Q3 2026 earnings?
Whether CRWD is attractive right now depends heavily on your investment style and risk tolerance:
- Growth‑oriented, long‑term investors may see the combination of:
- ~20%+ revenue growth,
- rapidly scaling non‑GAAP EPS and cash flow,
- and a unique AI + security platform position
- Value‑conscious or risk‑averse investors may side with more cautious voices from Motley Fool, Seeking Alpha and others who argue that at ~140x forward earnings and near all‑time highs, the margin of safety is thin and any stumble in execution or macro environment could lead to a sharp correction. [54]
As always, this article is informational and not investment advice. Before making any decision on CrowdStrike stock, it’s important to:
- Review the full Q3 FY2026 earnings release and call transcript. [55]
- Consider how CRWD fits into your broader portfolio, time horizon and risk profile.
- Keep an eye on upcoming catalysts, such as Q4 results, further AI product rollouts, and any new regulatory developments following the 2024 outage.
What’s clear as of December 4, 2025 is that CrowdStrike sits at the center of three powerful themes — cybersecurity, cloud, and AI — and the market is paying a significant premium for that positioning.
References
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