CrowdStrike stock falls 3.4% after Google AI launch; price target rises to $700
CRWD•CrowdStrike shares dropped 3.4% after Google Cloud launched its AI Threat Defense platform combining Gemini, Wiz, CodeMender and Mandiant for automated threat detection and remediation. Wedbush raised its price target for CrowdStrike to $700 from $550, citing record fiscal 2026 results and strength in its Charlotte AI detection tools.
1. Stock performance
CrowdStrike shares dropped 3.4% as investors reacted to Google's launch of its AI Threat Defense platform and a sector-wide selloff sparked by Zscaler's 31% plunge after cutting its free cash flow outlook and Q4 revenue guidance.
2. Google AI Threat Defense details
Google's AI Threat Defense platform integrates Gemini, Wiz, CodeMender and Mandiant into an automated four-stage security system that prepares defenses, scans and prioritizes threats, remediates vulnerabilities with code fixes and continuously monitors environments. It prioritizes alerts by exposure, exploitability and business impact, then generates verified tests to validate fixes before deployment.
3. Wedbush price target upgrade
Wedbush raised its price target for CrowdStrike to $700 from $550, citing a record fiscal 2026 performance and growing enterprise demand for its Charlotte AI detection tools. The upgrade underscores the company's positioning as a leading AI security provider across the cloud and endpoint markets.
