Upside case
Bull case
—
The bull case requires both strong earnings delivery and the market pricing CRWD more generously than it does today.
Analysis OverviewBuyUpdated May 1, 2026
CrowdStrike Holdings, Inc. (CRWD) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Buy
Covering
65
analysts
49 bullish · 2 bearish · 65 covering CRWD
Strong Buy
0
Buy
49
Hold
14
Sell
2
Strong Sell
0
Consensus Target
$528
+10.9% vs today
Scenario Range
— – —
Model bear to bull value window
Coverage
65
Published analyst ratings
Valuation Context
97.9x
Forward P/E · Market cap $120.7B
CRWD price targets
Three scenarios for where CRWD stock could go
Current
~$477
Confidence
68 / 100
Updated
May 1, 2026
Market caseClosest to today
Base case
—
The base case reflects analyst consensus expectations — steady delivery without requiring a major catalyst or re-rating.
Stress case
Bear case
—
The bear case reflects a scenario where earnings shortfalls or multiple compression combine to materially reduce the stock from its current level.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
CrowdStrike Holdings, Inc.
CRWD · NASDAQTechnologySoftware - InfrastructureJanuary year-end
CrowdStrike is a cybersecurity company that provides cloud-native endpoint protection and threat intelligence through its Falcon platform. It generates revenue primarily from subscription fees for its security software modules — with cloud security, identity protection, and threat intelligence being key offerings — and managed security services. The company's competitive advantage lies in its AI-powered threat graph that analyzes trillions of security events weekly, creating a powerful network effect where each customer improves protection for all others.
Market Cap
$120.7B
Revenue TTM
$4.8B
Net Income TTM
-$183M
Net Margin
-3.8%
CRWD Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
100%Exceptional
12 quarters tracked
Revenue Beat Rate
83%Exceptional
vs consensus estimates
Avg EPS Surprise
+11.9%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q2 2025
Q3 2025
Q4 2025
Q1 2026
Last 4 Quarters
EPS beats: 4 of 4Q2 2025
EPS
$0.73/$0.66
Revenue
$1.1B/$1.1B
Q3 2025
EPS
$0.93/$0.83
Revenue
$1.2B/$1.2B
Q4 2025
EPS
$0.96/$0.94
Revenue
$1.2B/$1.2B
Q1 2026
EPS
$1.12/$1.10
Revenue
$1.3B/$1.3B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q2 2025 | $0.73/$0.66 | +10.6% | $1.1B/$1.1B | -0.1% |
| Q3 2025 | $0.93/$0.83 | +11.8% | $1.2B/$1.2B | +1.6% |
| Q4 2025 | $0.96/$0.94 | +2.2% | $1.2B/$1.2B | +1.6% |
| Q1 2026 | $1.12/$1.10 | +1.8% | $1.3B/$1.3B | +0.6% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$5.9B
+23.5% YoY
FY2
$7.4B
+23.7% YoY
EPS Outlook
FY1
$2.95
+515.0% YoY
FY2
$2.82
-4.2% YoY
Trailing FCF (TTM)$1.2B
FCF Margin: 25.8%
Next Earnings
—
Expected EPS
—
Expected Revenue
—
CRWD beat EPS estimates in 4 of 4 tracked quarters. A perfect track record raises the bar for the upcoming report.
CRWD Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2026
Total disclosed revenue $4.8B
Product Mix
Latest annual revenue by segment or product family
Subscription and Circulation
94.9%
+21.4% YoY
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
UNITED STATES
66.8%
+19.9% YoY
Tap, hover, or focus a slice to inspect segment detail.
Subscription and Circulation is the largest disclosed segment at 94.9% of FY 2026 revenue, up 21.4% YoY.
UNITED STATES is the largest reported region at 66.8%, up 19.9% YoY.
CRWD Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Slightly Overvalued
Fair value est. $394 — implies -13.5% from today's price.
Premium to Fair Value
13.5%
above fair value
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
CRWD
-733.1x
vs
S&P 500
25.1x
3020% discount
vs Technology Trailing P/E
CRWD
-733.1x
vs
Technology
26.7x
2842% discount
vs CRWD 5Y Avg P/E
Today
-733.1x
vs
5Y Average
—
Benchmark unavailable
Forward PE
97.9x
S&P 500
19.1x
+413%
Technology
22.1x
+343%
5Y Avg
—
—
Trailing PE
-733.1x
S&P 500
25.1x
-3020%
Technology
26.7x
-2842%
5Y Avg
—
—
PEG Ratio
—
S&P 500
1.72x
—
Technology
1.52x
—
5Y Avg
—
—
EV/EBITDA
970.0x
S&P 500
15.2x
+6273%
Technology
17.5x
+5453%
5Y Avg
—
—
Price/FCF
92.1x
S&P 500
21.1x
+337%
Technology
19.5x
+372%
5Y Avg
76.9x
+20%
Price/Sales
25.1x
S&P 500
3.1x
+703%
Technology
2.4x
+927%
5Y Avg
22.2x
+13%
Dividend Yield
—
S&P 500
1.87%
—
Technology
1.16%
—
5Y Avg
—
—
| Metric | CRWD | S&P 500 | Technology | 5Y Avg CRWD |
|---|---|---|---|---|
| Forward PE | 97.9x | 19.1x+413% | 22.1x+343% | — |
| Trailing PE | -733.1x | 25.1x-3020% | 26.7x-2842% | — |
| PEG Ratio | — | 1.72x | 1.52x | — |
| EV/EBITDA | 970.0x | 15.2x+6273% | 17.5x+5453% | — |
| Price/FCF | 92.1x | 21.1x+337% | 19.5x+372% | 76.9x+20% |
| Price/Sales | 25.1x | 3.1x+703% | 2.4x+927% | 22.2x+13% |
| Dividend Yield | — | 1.87% | 1.16% | — |
CRWD trades above S&P 500 benchmarks on 4 of 5 measured multiples — commands a broad premium across most valuation dimensions.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolCRWD Financial Health
Verdict
Stressed
CRWD generates $1.2B in free cash flow at a 25.8% margin.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$4.8B
Revenue Growth
TTM vs prior year
+21.7%
Gross Margin
Gross profit as a share of revenue
74.9%
Operating Margin
Operating income divided by revenue
-5.4%
Net Margin
Net income divided by revenue
-3.8%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$-0.71
Free Cash Flow (TTM)
Cash generation after capex
$1.2B
FCF Margin
FCF as share of revenue — the primary cash quality signal
25.8%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
-193.7%
ROA
Return on assets, trailing twelve months
-1.9%
Cash & Equivalents
Liquid assets on the balance sheet
$5.2B
Net Cash
Cash exceeds total debt — no net leverage
$4.4B
Debt Serviceability
Net debt as a multiple of annual free cash flow
Net cash ✓
ROE *
Return on equity, trailing twelve months
-4.6%
* Elevated by buyback-compressed equity — compare ROIC (-193.7%) for an undistorted picture of capital efficiency.
Shareholder Returns
How capital is returned to owners
Total shareholder yield
0.0%
Dividend
—
Buyback
0.0%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$0
Dividend / Share
Annualized trailing dividend per share
—
Payout Ratio
Share of earnings distributed as dividends
—
Shares Outstanding
Current diluted share count
258M
All figures from the trailing twelve months. ROIC uses invested capital (equity + net debt). ROE marked * where buyback-compressed equity base may inflate the figure.
Open full ratios pageCRWD Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated April 11, 2026
High Risk
Valuation Sensitivity
CrowdStrike trades at a high multiple of forward earnings and sales, leaving little margin for error. Any perceived weakness in growth or profitability could trigger a sharp price correction, potentially eroding investor gains. The overvaluation risk is amplified by analysts noting the stock may be overvalued.
High Risk
Market Volatility & Economic Uncertainty
Technology stocks, including CrowdStrike, are subject to significant price and volume swings unrelated to fundamentals. Macroeconomic headwinds could curb enterprise cybersecurity spending, slowing revenue growth and increasing downside risk for investors. Market downturns could lead to loss of investment.
Medium
Profitability & Margins
CrowdStrike’s operating margins remain negative, and scaling revenue while controlling costs is essential for margin expansion. Declining revenue growth or rising operational expenses could hinder profitability, eroding investor confidence. Negative margins expose the company to financial risk.
Medium
Intense Competition
The cybersecurity market is highly competitive, with rivals threatening to erode CrowdStrike’s market share. Increased competition could force pricing pressure, compress margins, and negatively impact financial performance. Loss of market share would directly affect revenue growth.
Medium
AI Disruption Threat
Advances in artificial intelligence could enable new models to autonomously identify and exploit vulnerabilities, challenging CrowdStrike’s defense mechanisms. The market remains cautious, and AI-driven competition could erode CrowdStrike’s dominance. This technological shift poses a strategic risk.
Medium
Service Delivery & Reputation
Interruptions in service delivery or reputational damage from security incidents could harm customer trust and growth prospects. A significant incident could lead to customer churn and regulatory scrutiny, impacting revenue and margins. Ongoing operational risk to profitability.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why CRWD Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated April 11, 2026
Record ARR Growth FY26
CrowdStrike reported $5.25 billion in ARR for fiscal 2026, the highest in its history. Net new ARR grew 47% year‑over‑year in Q4 FY26, reaching a record $330.7 million, while the company generated $1.235 billion in free cash flow.
Modular Platform Consolidation
The Falcon platform is a subscription‑based suite that addresses traditional cybersecurity challenges. 50% of customers use six or more modules and 24% use eight or more, driving upsell and retention.
AI Tailwinds as Growth Engine
CrowdStrike positions its platform as mission‑critical infrastructure, securing AI across every layer from GPU to agent to prompt. The company views AI adoption as a growth accelerator rather than a threat.
Strong Customer Retention
Gross retention has remained robust at 97%, indicating that customers are not leaving the platform and providing a stable revenue base.
Share Buyback Expansion
Management expanded its share repurchase program by $500 million, signaling confidence in the stock’s valuation and long‑term prospects.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
CRWD Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$476.53
52W Range Position
60%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$342.72
+39.0% from the low
52-Week High
$566.90
-15.9% from the high
1 Month
+19.55%
3 Month
+26.35%
YTD
+5.1%
1 Year
+7.5%
3Y CAGR
+57.3%
5Y CAGR
+19.8%
10Y CAGR
+23.4%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
CRWD vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
97.9x
vs 39.6x median
+147% above peer median
Revenue Growth
+23.5%
vs +13.2% median
+78% above peer median
Net Margin
-3.8%
vs 13.0% median
-129% below peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
CRW CRWD CrowdStrike Holdings, Inc. | $120.7B | 97.9x | +23.5% | -3.8% | Buy | +10.9% |
S S SentinelOne, Inc. | $5.0B | 83.5x | +17.7% | -45.0% | Buy | +17.8% |
PAN PANW Palo Alto Networks, Inc. | $129.3B | 49.9x | +15.3% | 13.0% | Buy | +13.0% |
FTN FTNT Fortinet, Inc. | $66.9B | 30.2x | +13.2% | 27.3% | Hold | -3.5% |
CHK CHKP Check Point Software Technologies Ltd. | $12.3B | 11.3x | +4.0% | 38.4% | Hold | +30.9% |
BB BB BlackBerry Limited | $3.3B | 39.6x | -17.0% | 4.1% | Hold | -21.4% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
FAQ
7 questionsCRWD Investor Questions
Common questions answered from live analyst data and company financials.
01Is CrowdStrike Holdings, Inc. (CRWD) stock a buy or sell in 2026?
CrowdStrike Holdings, Inc. (CRWD) is rated Buy by Wall Street analysts as of 2026. Of 65 analysts covering the stock, 49 rate it Buy or Strong Buy, 14 rate it Hold, and 2 rate it Sell or Strong Sell. The consensus 12-month price target is $528, implying +10.9% from the current price of $477.
02What is the CRWD stock price target for 2026?
The Wall Street consensus price target for CRWD is $528 based on 65 analyst estimates. The high-end target is $640 (+34.3% from today), and the low-end target is $368 (-22.8%).
03Is CrowdStrike Holdings, Inc. (CRWD) stock overvalued in 2026?
CRWD trades at 97.9x times forward earnings. The stock currently trades at a discount to the broader market. Based on current multiples versus the peer group, the relative model signals slightly overvalued. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for CrowdStrike Holdings, Inc. (CRWD) stock in 2026?
The primary risks for CRWD in 2026 are: (1) Valuation Sensitivity — CrowdStrike trades at a high multiple of forward earnings and sales, leaving little margin for error. (2) Market Volatility & Economic Uncertainty — Technology stocks, including CrowdStrike, are subject to significant price and volume swings unrelated to fundamentals. (3) Profitability & Margins — CrowdStrike’s operating margins remain negative, and scaling revenue while controlling costs is essential for margin expansion. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is CrowdStrike Holdings, Inc.'s revenue and earnings forecast?
Analyst consensus estimates CRWD will report consensus revenue of $5.9B (+23.5% year-over-year) and EPS of $2.95 (+515.0% year-over-year) for the upcoming fiscal year. The following year, analysts project $7.4B in revenue.
06When does CrowdStrike Holdings, Inc. (CRWD) report its next earnings?
A confirmed upcoming earnings date for CRWD is not yet available. Check the Earnings section above for the most recent quarterly report dates and forward estimates.
07How much free cash flow does CrowdStrike Holdings, Inc. generate?
CrowdStrike Holdings, Inc. (CRWD) generated $1.2B in free cash flow over the trailing twelve months — a free cash flow margin of 25.8%. CRWD returns capital to shareholders through and share repurchases ($0 TTM).