Report published August 26, 2026
CrowdStrike (CRWD) 2QFY Results: Goldman Sachs Raises Price Target to $230
Source and citation context
- Issuer
- Goldman Sachs
- Report date
- August 26, 2026
- Analysis as of
- August 26, 2026
Authors / editors: Gabriela Borges (Lead Analyst), Max Gamperl (Analyst)
Finvaulta summarizes Goldman Sachs's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
Goldman Sachs reiterated a Buy rating and increased its 12-month price target on CrowdStrike (CRWD) to $230 following strong 2QFY27 results, where net new ARR grew 51% yoy to $333mn. AI-driven cybersecurity demand and robust Falcon Flex adoption are driving a fundamental spending inflection earlier than anticipated.
Key Takeaways
- 1.CrowdStrike delivered strong 2QFY27 results with Net New ARR of $333mn (+51% yoy), beating consensus by 17%, driven by accelerating AI and platform demand.
- 2.Management raised FY27 ARR guidance by ~$64mn at midpoint vs. the ~$48mn 2Q beat, implying ~$16mn in incremental raise and high-20%s NNARR growth exiting January 2027.
- 3.Goldman Sachs raised its 12-month price target to $230 (from $208) on 80x FY28E EV/FCF, reiterating a Buy rating based on early security budget inflection and Falcon Flex expansion.
Table of Contents
- CrowdStrike (CRWD)
- 2QFY: Fundamentals inflecting sooner than we expected
- BUY
- Key Data
- GS Forecast
- GS Factor Profile
- Ratios & Valuation
- Growth & Margins (%)
- Price Performance
- Income Statement ($ mn)
- Balance Sheet ($ mn)
- Cash Flow ($ mn)
- EPS Recap
- Estimates, Valuation and Risks
- Disclosure Appendix
Report data
Exhibit 1: 2QFY27 Actuals vs. Estimates — as of August 26, 2026.
| Metric | Estimate | Context |
|---|---|---|
| 12m Price Target | 230.00 USD | Raised from $208.00 previously based on 80x FY28E EV/FCF. |
| 2Q Net New ARR | 333 USD millions | Beat consensus estimate of $284mn by 17.3%. |
| 2Q Total Revenue | 1471 USD millions | Beat Street estimate of $1,440mn by 2.1%. |
| Flex Account ARR | 2.29 USD billions | Accelerated growth with >2,900 Flex customers. |
| FY27E Revenue (New) | 6004.3 USD millions | Raised from previous estimate of $5,950.9mn. |
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Authors / Editors
Reported Data Context
- 12m Price Target: 230.00 USD (12-month forward) · Source: Goldman Sachs Global Investment Research
- 2Q Net New ARR: 333 USD millions (2QFY27) · Source: Company data, FactSet
- 2Q Total Revenue: 1471 USD millions (2QFY27) · Source: Company data, FactSet
- Flex Account ARR: 2.29 USD billions (2QFY27) · Source: Company data
- FY27E Revenue (New): 6004.3 USD millions (FY27E (1/27E)) · Source: Goldman Sachs Research estimates
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