CrowdStrike (CRWD) will likely deliver one more "strong quarter of cyber security deal activity," Wedbush said in a note to clients Tuesday.
The investment firm said it has "greater confidence" in the company's growth narrative after recent checks showed that the "cross-selling and monetization story is hitting its next stage of growth into FY26."
CrowdStrike is the "gold standard for cyber security" and the company's net new annual recurring revenue, or NNARR, growth is seen accelerating, the note said.
"Increased market and mind share is happening for CrowdStrike among new and existing customers as the company's product suite continues to expand across the enterprise landscape over the next 12 to 18 months," said Wedbush analysts including Daniel Ives.
The investment firm highlighted the fact that since the beginning of the year, CrowdStrike's revenue related to "cyber-AI products is significantly above the year ago period, and we expect to see an accelerating upward trend."
The company is in a "strong position to continue capitalizing on the AI cybersecurity trend given the strength and stickiness of the Falcon platform," the note said.
Wedbush increased CrowdStrike's price target to $525 from $475 and has an outperform rating on the company.
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