CrowdStrike (CRWD): Analysts See Best-in-Class Execution but Valuation Looks Full

Group 1 - CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is recognized for its "best-in-class execution" in the cybersecurity sector, with Berenberg initiating coverage at "Hold" and setting a price target of $600, indicating that current optimism is already reflected in the stock price [1][4] - The company's cloud-native single-agent architecture has significantly expanded its Total Addressable Market (TAM) from $25 billion in FY19 to an estimated $140 billion in FY26E, with projections suggesting it could reach $300 billion by FY30E [2][3] - CrowdStrike's consistent "land and expand" strategy has resulted in a high net revenue retention (NRR) rate of 112%, showcasing its ability to grow within existing customer accounts [3] Group 2 - The company is positioned as a leader in AI-driven endpoint and cloud workload protection, although some analysts believe there are other AI stocks with greater upside potential and lower downside risk [4]