Piper Sandler’s $520 Target Sends CrowdStrike Shares Up 2.9% Pre-Earnings
CrowdStrike’s Q4 revenue is projected at $1.30 billion, up from $1.06 billion year-over-year, with EPS forecast at $0.74 and guidance of $1.29–1.30 billion revenue and $1.09–1.11 EPS. Piper Sandler upgraded CrowdStrike to Overweight with a $520 price target, lifting shares 2.9% to $382.85 while warning of post-earnings volatility.
1. Fourth-Quarter Estimates and Guidance
CrowdStrike is expected to report Q4 revenue of $1.30 billion, a 22% increase year-over-year, with EPS forecast at $0.74. Company guidance calls for revenue between $1.29 billion and $1.30 billion, and EPS of $1.09 to $1.11 for the period.
2. Piper Sandler Upgrade and Share Reaction
Piper Sandler raised its rating to Overweight and set a $520 price target, arguing that AI adoption will expand CrowdStrike’s market and highlighting $1.4 billion in recent acquisitions. Shares jumped 2.9% to $382.85 in pre-market trading ahead of the earnings announcement.
3. Volatility Risks and ARR Trends
CrowdStrike shares have swung an average of ±7.7% in the 10 sessions following past earnings, signaling potential volatility. Investors will focus on annual recurring revenue growth and subscription renewal rates as indicators of customer retention and future cash flow.