Shares in software company CrowdStrike (CRWD) are up over 12% Thursday after the company delivered a better-than-expected revenue forecast. The company delivered fiscal 2027 guidance on a key financial metric above most consensus estimates, driving investor interest. CrowdStrike reiterated that net new ARR growth will reaccelerate to 40% or more in the second half of fiscal 2026. It predicted 20% or better in fiscal 2027, which starts with the April quarter in 2026. CrowdStrike also reiterated a goal of $10 billion in subscription-based ARR by fiscal 2031.

Wall Street reacted positively to the insight, raising projections for CRWD stock. “CrowdStrike guided fiscal 2027 new ARR to grow 20%-plus year-over-year in fiscal 2027 versus the 17% currently guided to in fiscal 2026,” said Jefferies analyst Joseph Gallo in a report. “This implies 22% total ARR growth in fiscal 2027, which is two points above consensus. We ultimately believe a point of upside remains feasible to fiscal 2026 guidance, and positive checks and AI prudence could drive upside in fiscal 2027. This guidance was better than expected and also alleviates concerns for high-teens growth in fiscal 2028.”

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“While there are still some lingering questions on contra-revenue from sales incentive programs and, as a result how ARR growth translates into revenue growth, we were encouraged by the targets and extensive potential total addressable market as CrowdStrike continues to expand out their platform,” said Morgan Stanley analyst Meta Marshall in a report. Other analysts agree on CrowdStrike’s potential stock to grow, with several targeting prices above the current market close price. Notably, Susquehanna and Wedbush have high price targets of $530 and $525, respectively, indicating confidence in further upside.

Crowdstrike CRWD shares spiked to over $500 after the revenue forecast was dropped. The stock has gained 30% in 2025 but fell significantly from the July 3 peak of 517.98. However, CRWD stock rebounded from the 200-day line early this month. On Wednesday, shares closed above the 50-day line for the first time since July 21, and continued that momentum in Thursday’s trading session. At press time, CRWD is trading near the top of its 52-week range and above its 200-day simple moving average.

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