CrowdStrike Holdings Inc. (NASDAQ: CRWD) is a top growth stock to hold for 3 years, with Jefferies raising its price target to $530 from $520 on July 24. In FQ1 2026, the company reported a 22% year-over-year increase in net new ARR of $194 million and an ending ARR of $4.44 billion, with strong financial metrics.

Total revenue for CrowdStrike reached $1.10 billion, up 20% year-over-year, with subscription revenue at $1.05 billion and professional service revenue at $52.7 million. However, there is a temporary divergence between ARR and subscription revenue due to the Customer Commitment Program, impacting subscription revenue by $10-15 million per quarter.

CrowdStrike Holdings Inc. provides cybersecurity solutions globally through a cloud-delivered platform, protecting endpoints, cloud workloads, identity, and data via a SaaS subscription model. While CRWD shows investment potential, some AI stocks may offer greater upside with less risk, especially in the current economic landscape.

For more insights on potential investment opportunities, check out reports on 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. This article was originally published by Insider Monkey.

Read more at Yahoo Finance: Jefferies Raises CrowdStrike (CRWD) PT to $530 from $520 Amid Cybersecurity Outlook