New York, June 29, 2026, 12:13 (EDT)
- CrowdStrike shares gained 6.3% late morning, tacking on around $11.5 billion in implied market value.
- The shares moved past the average analyst target on Google Finance.
- The four-for-one split will start trading on a split-adjusted basis July 2.
CrowdStrike Holdings, Inc. NASDAQ:CRWD climbed 6.3% to $745.59 late Monday morning, after starting at $710.50 and touching $754.80. The move, calculated from Friday’s close using the current price and market cap, works out to a roughly $11.5 billion jump in equity value.
The trade went through during normal Nasdaq hours. Nasdaq’s standard session is 9:30 a.m. to 4:00 p.m. ET. According to the 2026 schedule, the next U.S. stock-market holiday is Friday, July 3, for Independence Day observed.
Investors zeroed in on the target range. Google Finance put CrowdStrike close to $747, while the average analyst target was $723.19. High end? $900. Low? $413. That left the stock about 3% above analysts’ average, and the gap between the high and low targets was over 65% of the current price.
| Analyst | Firm | Latest action | Target | Implied move shown by source |
|---|---|---|---|---|
| Peter Weed | Bernstein | Hold kept | $413 | -44.7% |
| Michael Turrin | Wells Fargo | Buy repeated | $900 | +20.5% |
| Ellie Kearney | Arete Research | Hold cut | $730 | -2.3% |
The gap in targets matters as the split will push the share price down, though it doesn’t change the valuation story. On a four-for-one split, Monday’s $745.59 price comes out to $186.40. The average price target falls to $180.80. Wells Fargo’s $900 target turns into $225. Arete’s $730 lands at $182.50, and Bernstein’s $413 would be $103.25.
CrowdStrike said this month that shareholders on record June 25 will get three extra shares for each share after the July 1 close. Split-adjusted trading is set to start July 2.
Other cybersecurity names traded higher. Palo Alto Networks Inc. NASDAQ:PANW was up 7.8%, Fortinet Inc. NASDAQ:FTNT gained 3.3%, SentinelOne Inc. NYSE:S added 5.8%, and Zscaler Inc. NASDAQ:ZS rose 3.7% by midday, live quote data showed. CrowdStrike’s dollar move stood out.
| Company | Last price | Day move | Market value |
|---|---|---|---|
| CrowdStrike Holdings, Inc. NASDAQ:CRWD | $745.59 | up 6.3% | $192.2 bln |
| Palo Alto Networks Inc. NASDAQ:PANW | $328.06 | added 7.8% | $262.8 bln |
| Fortinet Inc. NASDAQ:FTNT | $156.37 | rose 3.3% | $116.2 bln |
| SentinelOne Inc. NYSE:S | $16.84 | gained 5.8% | $5.7 bln |
| Zscaler Inc. NASDAQ:ZS | $137.11 | up 3.7% | $22.0 bln |
Palo Alto jumped the most in percentage terms, but CrowdStrike’s implied single-day value increase was about double SentinelOne’s entire market cap. Portfolio managers are looking at the numbers this way: the split trade isn’t small on a market cap basis.
The wider market was supportive. Major U.S. indexes climbed Monday, with the Nasdaq Composite (INDEXNASDAQ:.IXIC) gaining 1.34% late in the morning, according to Reuters.
CrowdStrike’s April quarter is driving the current debates over valuation. The company posted $5.51 billion in annual recurring revenue, with quarterly revenue at $1.39 billion, and free cash flow of $468.5 million for the period ending April 30. The stock was trading at around 35x annual recurring revenue as of Monday’s close.
CrowdStrike CEO George Kurtz labeled the company as “AI security infrastructure” in the June 3 release. CFO Burt Podbere said the quarter posted “accelerating growth and expanding profitability and cash flow.” CrowdStrike Holdings, Inc.
The next question is if split-driven demand can keep the stock trading above the average analyst target as the street considers if targets need to move or stay where they are. Split-adjusted trading is set to start Thursday, just ahead of the July 3 holiday.
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