CrowdStrike Shares Slip 3% Even as Citi Lifts Target to $295
CrowdStrike stock fell about 3% to $241.70 on October 15 after Citi raised its price target to $295 from $260 and kept a Buy rating, per GuruFocus.
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what happened
According to GuruFocus, citing Stocktwits, cloud cybersecurity provider CrowdStrike dropped to $241.70, about 3.1% lower, at 11:13 a.m. ET on October 15. The move came after analyst Fatima Boolani at Citi raised her price target to $295 from $260 and maintained a Buy rating, leaving the target roughly 22% above the trading price.
Results from the August 26 earnings release showed quarterly revenue of $1.47 billion and free cash flow of $377.4 million, a margin of about 25.7%. Annual recurring revenue reached $5.84 billion, but the company still reported a GAAP operating loss of $33.2 million.
why it matters
Strong cash generation gives CrowdStrike flexibility, yet it does not signal GAAP operating profitability. Shares trade 74.41% above the $138.58 GF Value estimate, which is a valuation benchmark rather than a price forecast, and that leaves little margin for execution misses. Sustained recurring-revenue growth, solid cash collections and narrower operating losses would do more to support that premium than a higher analyst target alone.
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sources
- CrowdStrike Stocks Fall 3% Although Citi's $295 Target Meets a Cash-Flow Test — gurufocus.com, 15 October 2026 at 19:03 UTC
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