CrowdStrike (CRWD) are up more than 20% on Aug. 27 after the cybersecurity firm reported “the best quarter in its history” and raised its guidance for the full financial year.
CRWD’s earned $0.31 per share (EPS) in its second quarter on $1.47 billion in revenue, both ahead of Street estimates.
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CrowdStrike stock has been a blockbuster investment in 2026, currently trading at roughly double its price at the start of this year.
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Despite the impressive year-to-date performance, options traders believe CRWD shares will push further up in the near term.
According to Barchart, contracts expiring Sept. 18 have the put-to-call ratio set at 0.77 at the time of writing; a reading below 1.00 is typically interpreted as bullish.
The upper price on those contracts sits at $245 currently, indicating potential for a more-than-8% rally over the next four weeks.
This optimism is largely mirrored in the technical setup as well. CrowdStrike currently sits handily above its key moving averages (MAs) with an RSI in the mid-60s signaling intense buying pressure
Citi Sees Further Upside in CRWD Shares
Citigroup’s senior analyst Fatima Boolani agrees with options traders’ bullish stance on CRWD
In a post-earnings research note, she maintained a “Buy” rating on the cybersecurity stock and raised her price target to $260, indicating potential for another 14% rally from here.
According to her, CrowdStrike has “multiple shots-on-goal to secure AI – giving us confidence in durable high-20s [annual recurring revenue].”
Note that the Nasdaq-listed firm saw record net new annual recurring revenue of $333 million in its fiscal Q2. CRWD’s growth profile, Boolani argued, help justify its premium price-to-sales (P/S) multiple of nearly 40x.
How Wall Street Recommends Playing CrowdStrike
Heading into Thursday, Wall Street had a consensus “Moderate Buy” rating on CrowdStrike shares and a mean target of $211, which actually sits below the firm’s current stock price.
However, it’s reasonable to expect upward revisions like Boolani’s as other analysts move to bake in CRWD’s raised guidance for $6 billion in revenue and at least $1.25 a share of earnings for its fiscal 2027.
www.barchart.com On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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