NEW YORK, Dec. 28, 2025, 2:16 p.m. ET — Market closed
CrowdStrike Holdings, Inc. (NASDAQ: CRWD) heads into the final trading stretch of 2025 with Wall Street still debating a familiar question: has the cybersecurity leader’s AI-driven momentum already been fully priced in—or is there more runway once markets reopen?
With U.S. equities closed for the weekend, investors are using the pause to digest a cluster of late-week analyst commentary and research notes, plus a steady drumbeat of institutional-position headlines. The next real test comes when trading resumes Monday, as markets weigh holiday-thinned liquidity, a busy economic calendar, and a cybersecurity sector that remains highly sensitive to sentiment shifts around AI, spending durability, and valuation.
Where CrowdStrike stock stands heading into Monday
CRWD was last indicated around $481.19, up $4.00 (+0.84%) versus the prior close, based on the latest available quote.
From a technical and positioning standpoint, CRWD is trading in a zone that reflects both strong longer-term momentum and near-term volatility risk:
- 52-week range: about $298.00 to $566.90 (per widely cited market data summaries). [1]
- Market cap: roughly $120B–$121B depending on the data snapshot and timing. [2]
- Moving averages (context): recent summaries put the 50-day in the low $510s area and the 200-day in the low $480s, underscoring that CRWD is hovering near a longer-term trend line while still below shorter-term momentum levels. [3]
That setup matters for Monday because year-end sessions can amplify moves—especially in high-beta, headline-sensitive software names—when liquidity is thinner.
What’s new in the last 24–48 hours: downgrades, bullish reiterations, and “best-of-breed” talk
Zacks trims its stance to “Hold”
One of the most notable late-week developments: Zacks Research downgraded CrowdStrike from “Strong Buy” to “Hold,” according to a MarketBeat report dated Dec. 27. [4]
Why it matters: even when a single research shop shifts ratings, it can affect near-term trading psychology—particularly for a stock that has been a core “AI-cyber” beneficiary and is priced for strong execution.
Wedbush stays bullish with a $600 target tied to “cyber meets AI”
On the other side of the tape, Wedbush reiterated an “Outperform” view and kept a $600 price target, framing CrowdStrike as a prime way to play the “cyber meets AI” theme into 2026, per coverage summarized by Seeking Alpha and echoed in a Stocktwits news write-up. [5]
Stocktwits also attributes commentary to Dan Ives and the Wedbush team, describing CrowdStrike as one of their favored tech names and emphasizing deal momentum alongside AI tailwinds. [6]
Jim Cramer reiterates “best of breed” framing
In weekend media recirculation, a Finviz-hosted recap (sourced to Insider Monkey) highlighted CNBC’s Jim Cramer calling CrowdStrike among the “best of breed” in cybersecurity, while also noting how the group can rotate in and out of favor. [7]
For investors, this is less about fundamentals and more about sentiment: CRWD remains a widely discussed “category leader” name, which can bring incremental flows when risk appetite improves—but can also intensify drawdowns if the tape turns defensive.
The fundamental backdrop: record ARR metrics and raised guidance in the last reported quarter
The most recent earnings cycle remains the foundation for both bullish and cautious arguments. In CrowdStrike’s fiscal Q3 2026 results (quarter ended Oct. 31, 2025), the company reported:
- Revenue:$1.23B, up 22% year over year
- Net new ARR:$265.3M (described as record Q3 net new ARR)
- Ending ARR:$4.92B, up 23% year over year
- Cash flow from operations:$397.5M (record)
- Free cash flow:$295.9M (record Q3) [8]
CEO George Kurtz positioned the company as an enabler of “secure AI transformation,” while CFO Burt Podbere emphasized beating expectations and pointed to an “AI-driven demand environment” and an elevated pipeline narrative. [9]
Guidance investors are still trading on
In that same release, CrowdStrike guided for fiscal Q4 2026 (ending Jan. 31, 2026):
- Total revenue:$1.29B–$1.30B
And for full-year fiscal 2026:
- Total revenue:$4.7966B–$4.8066B
- Non-GAAP EPS:$3.70–$3.72 [10]
This raised-guidance posture is one reason CRWD continues to command premium attention within large-cap software—even amid ongoing debate about valuation.
Reuters: AI adoption helps, but “priced-in” risk lingers
A Reuters report from Dec. 2 tied CrowdStrike’s outlook to growing adoption of AI across its suite and quoted Farhan Badami (Market Analyst at eToro) saying the improved outlook “isn’t a one-off,” while also characterizing the outlook change as not a “world-beating upgrade”—a nuanced take that captures the tug-of-war in the stock. [11]
Reuters also reiterated the reputational shadow of the prior year’s Windows outage from a faulty software update, a point that remains part of the longer-term risk narrative investors continue to monitor. [12]
Product catalyst context: securing the “AI attack surface”
While not a last-48-hours headline, the AI-security product narrative continues to show up in analyst framing and investor expectations.
CrowdStrike announced the general availability of Falcon AI Detection and Response (AIDR) on Dec. 15, positioning it as protection for AI prompt and agent interactions—often described as a new “prompt-layer” attack surface. The release includes commentary from Michael Sentonas (President of CrowdStrike) warning that prompt injection is an emerging security frontier. [13]
This matters because much of the 2026 bull case for CRWD hinges on whether AI-driven workflows create a durable expansion in security spend—and whether CrowdStrike can convert that into higher module adoption, platform consolidation, and sustained ARR acceleration.
Forecasts and price targets: what Wall Street is signaling right now
Across major tracking summaries, the picture remains broadly constructive, with important dispersion:
- Consensus rating: commonly summarized as “Moderate Buy.” [14]
- Average price target: about $555 (roughly 15% above ~$481). [15]
- High / low targets: tracking services cite targets spanning roughly $706 on the high end and $353 on the low end—illustrating how widely opinions diverge depending on growth assumptions and valuation frameworks. [16]
In plain English: analysts are still net-positive, but the range of outcomes being modeled is wide—exactly what you’d expect for a premium-valued security software leader whose upside case relies on continued category consolidation and AI-fueled demand.
Ownership and insider activity: what investors should (and shouldn’t) infer
Several filings-focused updates appeared over the past 48 hours, including reports of institutions increasing or trimming positions. For example, MarketBeat highlighted:
- 180 Wealth Advisors boosting its stake in Q3 (to 14,024 shares), in a Dec. 28 update [17]
- Carnegie Investment Counsel adding shares, in a Dec. 27 update [18]
- Highland Capital Management trimming its stake, in a Dec. 26 update [19]
Separately, MarketBeat summaries also pointed to recent insider sales in the broader “last quarter / last 90 days” window and noted insider ownership levels. [20]
Takeaway: institutional and insider flows can provide context, but they rarely settle the core question on a name like CRWD. The market tends to re-anchor on ARR trajectory, net new ARR, free cash flow durability, and forward guidance—especially into earnings.
If you’re holding (or watching) CRWD: what to know before the next session
Because the market is closed now, the key is preparation—what could plausibly move CRWD when trading resumes Monday, Dec. 29.
1) Watch the holiday-week macro tape
This week is expected to be holiday-shortened due to New Year’s Day (Thursday, Jan. 1, 2026), with markets closed that day. Coverage also notes that stock markets keep normal hours on New Year’s Eve (Dec. 31) while the bond market closes early. [21]
Key U.S. data points highlighted for the week include:
- Pending home sales (Monday)
- S&P Case-Shiller home price data (Tuesday)
- Weekly jobless claims (Wednesday)
- Fed minutes (Tuesday) [22]
Why it matters for CRWD: high-multiple software can be especially sensitive to rate expectations and risk appetite, even when company-specific news is quiet.
2) Be ready for thin-liquidity moves
Late-December sessions often bring:
- lighter volume,
- sharper intraday swings,
- and outsized reactions to incremental headlines.
For CRWD, that can mean technical levels (like widely watched moving averages) may “matter” more than usual for short-term traders, even if the longer-term story is unchanged. [23]
3) Recheck the “AI-cyber” narrative—especially analyst notes
The near-term push-pull is clear:
- Bull case: AI is expanding the attack surface, driving platform consolidation, and CrowdStrike is positioned as a category leader. [24]
- Pushback: valuation and expectations are high, and even positive guidance can be framed as “not world-beating” depending on the lens. [25]
If you see CRWD move sharply on Monday without obvious company headlines, it may be a function of this broader narrative plus year-end positioning—not a change in fundamentals.
4) Know the next major catalyst: the next earnings window
CrowdStrike’s next earnings date is commonly estimated for early March 2026 (based on past reporting patterns), which means the stock may trade more on macro and analyst/channel checks than on imminent company events until that window approaches. [26]
Bottom line
CrowdStrike enters the final week of 2025 as a market bellwether for cybersecurity—and increasingly, for “AI security” as a spend category. The last 48 hours delivered a classic split-screen: a downgrade to “Hold” on one side and high-conviction bullish reiterations on the other, with the stock sitting near a level that invites technical debate once liquidity returns. [27]
When markets reopen Monday, CRWD investors should expect the tape to be driven as much by holiday-week macro sentiment and thin volume as by company-specific headlines—while the underlying bull/bear case remains anchored on ARR momentum, cash flow durability, and whether CrowdStrike can keep translating AI-era security demand into durable platform expansion. [28]
References
1. www.marketbeat.com, 2. www.marketbeat.com, 3. www.marketbeat.com, 4. www.marketbeat.com, 5. seekingalpha.com, 6. stocktwits.com, 7. finviz.com, 8. files.quartr.com, 9. files.quartr.com, 10. files.quartr.com, 11. www.reuters.com, 12. www.reuters.com, 13. www.crowdstrike.com, 14. www.marketbeat.com, 15. www.marketbeat.com, 16. www.marketbeat.com, 17. www.marketbeat.com, 18. www.marketbeat.com, 19. www.marketbeat.com, 20. www.marketbeat.com, 21. www.investopedia.com, 22. www.investopedia.com, 23. www.marketbeat.com, 24. stocktwits.com, 25. www.reuters.com, 26. www.marketbeat.com, 27. www.marketbeat.com, 28. files.quartr.com
