Upside case
Bull case
$65-90.4%
The bull case prices CRWD at 13x on FY1 earnings, assuming continued execution and no meaningful deceleration in the core business.
Analysis OverviewBuyUpdated Jun 18, 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
66
analysts
50 bullish · 2 bearish · 66 covering CRWD
Strong Buy
0
Buy
50
Hold
14
Sell
2
Strong Sell
0
Consensus Target
$687
+0.4% vs today
Scenario Range
$31 – $65
Model bear to bull value window
Coverage
66
Published analyst ratings
Valuation Context
138.7x
Forward P/E · Market cap $174.3B
CRWD price targets
Three scenarios for where CRWD stock could go
Current
~$685
Confidence
74 / 100
Updated
Jun 18, 2026
Where we are now
Current · $685
Bear
$31
Base
$50
Bull
$65
Market caseClosest to today
Base case
$50-92.7%
At 10x on FY1 earnings, the base case reflects a reasonable but not stretched valuation. It prices in continued growth without assuming an exceptional setup.
Stress case
Bear case
$31-95.4%
If investor confidence fades or macro conditions deteriorate, a 132x multiple contraction could push CRWD down roughly 95% from where it trades now.
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
$174.3B
Revenue TTM
$5.1B
Net Income TTM
-$25M
Net Margin
-0.5%
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
+11.0%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Last 4 Quarters
EPS beats: 4 of 4Q3 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
Q2 2026
EPS
$1.10/$1.07
Revenue
$1.4B/$1.4B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| 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% |
| Q2 2026 | $1.10/$1.07 | +2.8% | $1.4B/$1.4B | +1.7% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$6.0B
+17.2% YoY
FY2
$7.0B
+18.0% YoY
EPS Outlook
FY1
$2.93
+3178.2% YoY
FY2
$2.76
-5.7% YoY
Trailing FCF (TTM)$1.5B
FCF Margin: 28.5%
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%
YoY unavailable
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, with no year-over-year comparison yet.
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
Expensive versus peers
Fair value est. $197 — implies -71.3% from today's price.
Premium to Fair Value
71.3%
above fair value
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
CRWD
-1053.6x
vs
S&P 500
24.4x
4410% discount
vs Technology Trailing P/E
CRWD
-1053.6x
vs
Technology
29.0x
3732% discount
vs CRWD 5Y Avg P/E
Today
-1053.6x
vs
5Y Average
—
Benchmark unavailable
Forward PE
138.7x
S&P 500
18.8x
+637%
Technology
22.3x
+523%
5Y Avg
—
—
Trailing PE
-1053.6x
S&P 500
24.4x
-4410%
Technology
29.0x
-3732%
5Y Avg
—
—
PEG Ratio
—
S&P 500
1.66x
—
Technology
1.51x
—
5Y Avg
—
—
EV/EBITDA
—
S&P 500
15.2x
—
Technology
16.6x
—
5Y Avg
—
—
Price/FCF
133.1x
S&P 500
20.7x
+543%
Technology
19.2x
+593%
5Y Avg
76.9x
+73%
Price/Sales
36.2x
S&P 500
3.1x
+1072%
Technology
2.4x
+1386%
5Y Avg
22.2x
+63%
Dividend Yield
—
S&P 500
1.91%
—
Technology
1.11%
—
5Y Avg
—
—
| Metric | CRWD | S&P 500 | Technology | 5Y Avg CRWD |
|---|---|---|---|---|
| Forward PE | 138.7x | 18.8x+637% | 22.3x+523% | — |
| Trailing PE | -1053.6x | 24.4x-4410% | 29.0x-3732% | — |
| PEG Ratio | — | 1.66x | 1.51x | — |
| EV/EBITDA | — | 15.2x | 16.6x | — |
| Price/FCF | 133.1x | 20.7x+543% | 19.2x+593% | 76.9x+73% |
| Price/Sales | 36.2x | 3.1x+1072% | 2.4x+1386% | 22.2x+63% |
| Dividend Yield | — | 1.91% | 1.11% | — |
CRWD trades above S&P 500 benchmarks on 3 of 4 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 $1.5B in free cash flow at a 28.5% margin.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$5.1B
Revenue Growth
TTM vs prior year
+23.2%
Gross Margin
Gross profit as a share of revenue
75.0%
Operating Margin
Operating income divided by revenue
-3.9%
Net Margin
Net income divided by revenue
-0.5%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$-0.10
Free Cash Flow (TTM)
Cash generation after capex
$1.5B
FCF Margin
FCF as share of revenue — the primary cash quality signal
28.5%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
-351.6%
ROA
Return on assets, trailing twelve months
-0.2%
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
-0.6%
* Elevated by buyback-compressed equity — compare ROIC (-351.6%) 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
255M
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 June 17, 2026
High Risk
Valuation Concerns
CrowdStrike's trailing and forward P/E ratios are extremely high at 401.83 and 131.58 respectively, indicating potential overvaluation.
High Risk
Technical Weakness
CRWD stock is down significantly in 2026 and may be entering a range-bound state after meeting resistance post-earnings rally.
High Risk
Competitive Pressures
The cybersecurity sector is highly competitive, and CrowdStrike faces increasing pressure to maintain its leadership position.
Medium
Insider Selling
Insider selling activity has been noted, which may signal lack of confidence from company executives.
Medium
Software Glitch Impact
A faulty update to Falcon Sensor caused widespread issues, potentially damaging customer trust and reputation.
Lower
Market Sentiment
Bearish sentiment and analyst commentary suggest near-term downside risks for CRWD stock.
Lower
Sector Volatility
Cybersecurity stocks, including CRWD, are subject to high volatility and macroeconomic headwinds in 2026.
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 June 17, 2026
Cloud-native cybersecurity leadership
CrowdStrike is a global leader in cloud-native cybersecurity, offering advanced protection for endpoints, cloud workloads, identities, and data.
Cybersecurity consolidation
The company is a leader in cybersecurity consolidation, providing comprehensive solutions that integrate multiple security functions into a single platform.
Resilient financials and ARR growth
CrowdStrike has demonstrated resilient financials and strong annual recurring revenue (ARR) growth potential, even amid challenges like the July 19 incident.
High-profile cyberattack expertise
CrowdStrike has investigated several high-profile cyberattacks, often linking them to state-sponsored actors, showcasing its threat intelligence capabilities.
S&P 500 inclusion
The company's inclusion in the S&P 500 index in 2024 reflects its growth and market leadership in the cybersecurity sector.
Market resilience post-incident
Despite the July 19 incident, CrowdStrike's stock appreciated significantly, indicating strong market confidence in its long-term thesis.
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
$684.86
52W Range Position
77%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$342.72
+99.8% from the low
52-Week High
$785.66
-12.8% from the high
1 Month
+10.67%
3 Month
+57.15%
YTD
+51.0%
1 Year
+41.2%
3Y CAGR
+65.1%
5Y CAGR
+22.8%
10Y CAGR
+28.0%
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
138.7x
vs 56.5x median
+145% above peer median
Revenue Growth
+17.2%
vs +9.2% median
+87% above peer median
Net Margin
-0.5%
vs 7.9% median
-106% below peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
CRW CRWD CrowdStrike Holdings, Inc. | $174.3B | 138.7x | +17.2% | -0.5% | Buy | +0.4% |
S S SentinelOne, Inc. | $5.1B | 79.1x | +9.2% | -30.4% | Buy | +26.3% |
PAN PANW Palo Alto Networks, Inc. | $196.1B | 76.3x | +12.3% | 7.9% | Buy | +12.9% |
FTN FTNT Fortinet, Inc. | $107.1B | 45.9x | +13.5% | 27.5% | Hold | -31.6% |
CHK CHKP Check Point Software Technologies Ltd. | $12.8B | 11.7x | +5.5% | 38.4% | Hold | +24.3% |
BB BB BlackBerry Limited | $4.9B | 56.5x | +2.0% | 4.1% | Hold | +5.0% |
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 66 analysts covering the stock, 50 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 $687, implying +0.4% from the current price of $685. The bear case scenario is $31 and the bull case is $65.
02What is the CRWD stock price target for 2026?
The Wall Street consensus price target for CRWD is $687 based on 66 analyst estimates. The high-end target is $805 (+17.5% from today), and the low-end target is $413 (-39.7%). The base case model target is $50.
03Is CrowdStrike Holdings, Inc. (CRWD) stock overvalued in 2026?
CRWD trades at 138.7x 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 expensive versus peers. 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 Concerns — CrowdStrike's trailing and forward P/E ratios are extremely high at 401. (2) Technical Weakness — CRWD stock is down significantly in 2026 and may be entering a range-bound state after meeting resistance post-earnings rally. (3) Competitive Pressures — The cybersecurity sector is highly competitive, and CrowdStrike faces increasing pressure to maintain its leadership position. 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 $6.0B (+17.2% year-over-year) and EPS of $2.93 (+3178.2% year-over-year) for the upcoming fiscal year. The following year, analysts project $7.0B 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 $1.5B in free cash flow over the trailing twelve months — a free cash flow margin of 28.5%. CRWD returns capital to shareholders through and share repurchases ($0 TTM).