CrowdStrike Stock Price Looks For Support, Returns Neutral on Year

CrowdStrike's stock (NASDAQ: CRWD) was certainly not immune from the downwards market pressure in recent days, seeing the year-to-date gains erased on a 6.49% decline. Returning back to where it started the year is not as bad as it might seem, particularly when compared to peers in the tech space, or against the Nasdaq 100′s own 11.70% decline through 2025.

The company remains a dominant force in the endpoint and cloud security market, with the relentless demand for cybersecurity solutions not usually an area that is open to cutting in boardrooms around the world. Trading at $347 into the pre-market, the stock is back neutral on the year, with buyers again stepping in as the price neared $340.

Despite this near-term pressure, the longer-term narrative remains powerfully bullish. Investors who have held the stock over the past six months have enjoyed gains of 18.87%, as the company rallied from it's misstep mid last year.

From a technical perspective, CrowdStrike’s chart presents a mixed picture, with much of the near term pressure being brought about by broader market sentiment, and economic concerns. As we can see on the 1 month chart above, the current share price has fallen below, and since been rejected at the 50-day SMA line (red), indicating the level could be acting as resistance. Encouragingly for CRWD bulls, the stock has managed to hold above the 200-day SMA (blue). These levels often act as a battleground for bulls and bears, with a decisive move above or below either line potentially dictating near-term momentum.

Fundamentally, Crowdstrike continues to fire on all cylinders, driven by strong demand for its cloud-native Falcon platform. The company's last earnings report, covering the fourth quarter of Fiscal 2025 (ended January 31, 2025), delivered a solid beat. Adjusted Earnings Per Share (EPS) of $1.03, came in firmly above Wall Street consensus of $0.86 by almost 20%. Revenue similarly exceeded expectations, clocking in at $1.06 billion against forecasts of $1.03 billion.

Perhaps most critically for a subscription-centric business, Annual Recurring Revenue (ARR) surged 23% year-over-year to reach a formidable $4.24 billion, validating the company's ability to consistently land new customers and expand relationships with existing ones. Subscription revenue, the lifeblood of the business, climbed an impressive 27% year-over-year to $1.01 billion.

Strategic initiatives add another layer to the positive outlook. The company continues to innovate, recently announcing new capabilities within its Falcon Exposure Management suite. Crucially, CrowdStrike achieved FedRAMP High Authorisation, a rigorous security standard necessary to compete more effectively for large U.S. federal government contracts – a potentially lucrative growth vector.

In other news, the company also announced the rehiring of Alex Ionescu, one of its original architects, as Chief Technology Innovation Officer (CTIO) this week.

Outlook & Price Targets

Looking ahead to the first quarter of Fiscal 2026, market expectations remain buoyant, with analysts projecting EPS between $0.65 and $0.66 on revenue around $1.10 billion, signalling confidence in sustained growth trajectory.

Analyst sentiment towards CrowdStrike remains positive, reflected in a “Strong Buy” consensus rating derived from numerous recent analyst assessments. The average 12-month price target of $409.86 suggests significant perceived upside from the current levels, although in a rapidly changing market, multiples may also be set to shift.

Recent analyst actions further bolster this view. Jefferies ($410 from $425), and Truist ($450 from $460) have both lowered their price target on the stock this week, albeit with bullish Buy ratings or equivalent held in tact. BTIG, however upgraded CRWD to ‘Buy' with a $431 price target, specifically citing expectations for accelerated revenue growth as the company moves past prior IT outage challenges.

While CrowdStrike's stock has faced headwinds in the past month, likely a combination of profit-taking after a strong run and broader market nervousness, the company's core operational performance and strategic positioning appear strong. Where markets decide to take this one in the short-term could be sought in the ability of either side to hold key technicals in the days and weeks ahead of the next print.