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CrowdStrike Faces Strong Demand Across Falcon Platform, Morgan Stanley Says

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CrowdStrike (CRWD) is facing healthy demand across its Falcon platform, momentum in Falcon Flex, growing interest in artificial intelligence-driven security offerings, and solid large-deal activity, supporting a positive outlook ahead of Q1 earnings, Morgan Stanley said in a note Wednesday.

Next-Gen Security Information and Event Management stood out as one of the strongest growth drivers, with partners highlighting CrowdStrike's pricing and architecture advantages versus legacy SIEM vendors, according to the note.

Falcon Flex remained a strong contributor, particularly for large platform consolidation opportunities and net-new customer deployments, although partners noted that the largest momentum comes from greenfield opportunities versus renewals, the brokerage said.

While it is too early for monetization, partners highlighted growing customer engagement around AI governance and AI security use cases, the brokerage added.

CrowdStrike is scheduled to report its Q1 financial results on June 3.

Morgan Stanley kept an overweight rating on CrowdStrike and raised the price target to $610 from $510.

Price: $628.81, Change: $+11.93, Percent Change: +1.93%

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