TLDR
- CrowdStrike reports Q2 2027 earnings after market close on Wednesday, August 26
- Options pricing suggests a move of up to 8% in either direction by end of week
- Wall Street expects revenue of $1.44 billion, up 23% year-over-year, and EPS of $0.29, up 26%
- Jefferies raised its price target from $190 to $230, implying 20% upside
- CRWD stock is up more than 60% year-to-date; Wall Street consensus is Strong Buy
CrowdStrike is set to report its Q2 2027 earnings after the bell on Wednesday, August 26, and traders are bracing for a big move.
CrowdStrike Holdings, Inc., CRWD
Based on current options pricing, CRWD stock could swing up to 8% in either direction by the end of the week. That would put the stock as high as $206 or pull it below $175 from Friday’s close.
The stock has already had a strong year. CRWD is up more than 60% since January, driven by rising demand for cybersecurity following a string of high-profile security incidents.
What Analysts Expect
Wall Street is forecasting revenue of $1.44 billion for the quarter, a 23% jump from the same period last year. Adjusted EPS is expected to come in at $0.29, up roughly 26% year-over-year, after adjusting for the four-for-one stock split completed in early July.
Investors will be closely watching net new annual recurring revenue, or NNARR. Expectations are sitting around $310 million, which would represent about 40% year-over-year growth from CrowdStrike’s core business.
Jefferies analyst Joseph Gallo, ranked in the top 5% of Wall Street analysts tracked by TipRanks, reaffirmed his Buy rating ahead of the print. He raised his price target from $190 to $230.
Gallo said CrowdStrike “continues to be in pole position for the AI security race,” pointing to the company’s positioning as a key driver of growth into fiscal 2027 and beyond. He boasts a 69% success rate and has averaged a 19.80% return on his ratings.
That said, Gallo flagged that the stock’s massive 103% run since April 4 has lifted expectations. He warned that near-term gains may be limited unless the company’s fiscal 2027 NNARR guidance points to further acceleration into the fourth fiscal quarter.
High Expectations, High Bar
Bank of America analysts echoed that caution. They noted that the big run-up going into earnings raises the bar for CrowdStrike to impress. They said investors will be focused on the company’s ability to convert AI-driven security demand into actual sales through its Falcon platform.
Of the 19 analysts tracked by Visible Alpha, 15 rate CRWD a buy and four are neutral. The average price target sits at $218, implying about 14% upside from Friday’s close.
On a broader Wall Street basis, the consensus across 37 analysts is a Strong Buy, based on 30 Buy ratings and seven Holds. The average price target of $215.64 implies roughly 12% upside.
CrowdStrike will report after market close on Wednesday, August 26.
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