TD Cowen Lifts CrowdStrike (CRWD) Target to $580, Keeps Buy Rating

Group 1 - CrowdStrike Holdings, Inc. is recognized as one of the best performing NASDAQ stocks by hedge funds, with TD Cowen raising its price target from $500 to $580 while maintaining a Buy rating [1][2] - The increase in price target is attributed to CrowdStrike's record pipeline, growing adoption of the Falcon Flex platform, and strong execution, with fiscal 2026 targets deemed "highly achievable" [1][2] - Recent acquisitions, such as Onum and Pangea, showcase CrowdStrike's capability to convert smaller acquisitions into significant annual recurring revenue (ARR) within two to three years [2] Group 2 - CrowdStrike provides cloud-delivered protection for endpoints, cloud workloads, identities, and data through its subscription-based Falcon platform, which includes various security offerings [3] - The company has a strong financial position, highlighted by a current ratio of 1.88, indicating good liquidity [2]