CrowdStrike Holdings (CRWD) posted a fiscal Q1 beat on strong traction of its artificial intelligence-powered products within its newer customer cohort and deals expansion across existing clients, Wedbush said in a note Wednesday.

Revenue beat in Q1 fueled by expanded customer spending across the platform. Better-than-expected annual run rate could be attributed to partners and the managed security service provider business leading quarterly deal value, according to the report.

The company ramped its bottomline fiscal 2026 revenue guidance on forecasts of accelerating momentum for its platform approach to match the dynamic AI threat environment. It also plans to capitalize on robust demand for the Falcon platform, growing momentum within the relatively new Falcon Flex and other segments like cloud, exposure management, AI and Next-Gen SIEM, according to the analysts.

The company will prioritize balancing investments into platform innovation using AI to expedite its execution, efficiency, and go-to-market strategies for scale. It projects sequential NNARR growth in Q2, accelerating into H2 as customers increasingly adopt the Falcon platform, Wedbush analysts said.

CrowdStrike "remains the gold standard for cybersecurity with the company in the early innings of its multi-year growth story with the company taking strategic steps to integrate AI across its portfolio to protect IT and AI infrastructure across the tech stage against the rising threats of malware leveraging AI for more sophisticated attacks," the brokerage noted.

Wedbush said it reiterated its outperform rating on the stock and its price target of $525 per share.

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