Wells Fargo Lifts CrowdStrike Price Target to $700 as CRWD Trades Above 52-Week High

May 22, 2026

By TrendSpider Editor

Wells Fargo Lifts CrowdStrike Price Target to $700 as CRWD Trades Above 52-Week High

Wells Fargo analyst Michael Turrin confirmed a buy rating on CrowdStrike Holdings, Inc. while significantly raising the price target from $525 to $700, a move that adds institutional conviction to a stock already trading at new heights. CRWD currently sits at $663.91, which is not only above its 52-week high of $659.55 but also within striking distance of the newly raised target. The stock gained 2.42% on the day, extending a strong run from its 52-week low of $342.72.

Key Drivers of the CRWD Stock Move

Main Catalyst: Wells Fargo analyst Michael Turrin reaffirmed a buy rating on CRWD and raised the price target by $175, moving from $525 to $700. This is a substantial revision that signals meaningfully improved confidence in CrowdStrike's fundamental outlook.
Bull Case: The new $700 price target sits above the current price of $663.91, implying additional upside from current levels. Combined with the stock breaking above its prior 52-week high of $659.55, the technical and fundamental backdrops are aligned in favor of buyers.
Bear Case: CRWD is already extended from its 52-week low of $342.72, having nearly doubled over the past year. Investors entering at current levels are doing so near all-time highs, and a single analyst action, even a meaningful one, does not guarantee the stock will reach the $700 target without further fundamental catalysts.

CrowdStrike finds itself in an enviable position heading into the summer, trading above its prior 52-week high with fresh institutional support from one of its most visible analysts. The Wells Fargo target raise reflects growing confidence in the cybersecurity leader's platform trajectory and its ability to sustain premium valuation. The cybersecurity sector broadly continues to benefit from elevated enterprise spending on threat detection and AI-driven security solutions, themes that have consistently worked in CrowdStrike's favor. With the stock now in price discovery territory above $659.55, momentum traders and long-term holders alike will be watching whether the $700 level can be reached organically or whether additional catalysts, such as an upcoming earnings report or further analyst upgrades, will be needed to close the gap.

CRWD Analyst Ratings and Price Targets

Wells Fargo analyst Michael Turrin confirmed a buy rating on CrowdStrike this week while lifting the price target from $525 to $700. This is the sole analyst action in the current data set, though the consensus average price target stands at $700, aligning directly with the Wells Fargo figure. The magnitude of the revision, a $175 increase, is notable and suggests the firm's model has been materially revised upward, likely reflecting improved revenue or margin expectations.

CRWD Seasonality

Late May has historically been a constructive period for high-growth technology names as institutional investors position ahead of mid-year reviews and summer portfolio rebalancing. CrowdStrike, with its fiscal year running on a January cycle, typically reports its first fiscal quarter results around late May or early June, which may be adding anticipation to the current price action.

CRWD Relative Performance

CRWD's 2.42% gain on Friday and its position above its 52-week high of $659.55 suggest it is outperforming the broader technology sector on this session. The stock's recovery from a 52-week low of $342.72 to its current price of $663.91 represents a gain of more than 93% over the trailing year, a performance that significantly outpaces most peers in the cybersecurity and broader software space. That kind of relative strength, paired with an analyst price target raise, places CRWD among the stronger large-cap tech names heading into the final weeks of May.