CrowdStrike Holdings, Inc. (NASDAQ:CRWD) saw its price target raised to $590 from $525 by Stephens, maintaining an Overweight rating. This adjustment follows a detailed review of the financial model for CrowdStrike. The firm made slight adjustments after revisiting recent commentary about ARR-to-subscription revenue modeling, resulting in no change to the FY26 revenue estimate. Stephens also took a more conservative approach with FY27 ARR-to-revenue conversion assumptions. Despite this, the firm reiterates its positive fundamental view on CrowdStrike and increases the target price. CrowdStrike is a leader in AI-driven endpoint and cloud workload protection. If you’re interested in AI stocks, check out the best short-term AI stock for potential investment opportunities.

Read more at Yahoo Finance: Stephens Raises Target to $590 After Financial Model Update