CrowdStrike (CRWD) rose 12% after raising revenue forecast

CrowdStrike (CRWD) shares surged more than 12% after the company released a stronger-than-expected revenue forecast, which expects ARR growth to be higher than general market expectations in fiscal 2027. The company reiterated its target of net new ARR growth of more than 40% in the second half of fiscal 2026 and a target of more than 20% in the fiscal 2027, and set a long-term goal of achieving a $10 billion subscription ARR by fiscal 2031. Analysts at Jefferies and Morgan Stanley highlighted the upside potential of ARR and pointed to the improvement of performance guidance and the expansion of the platform. The stock is currently trading near a 52-week high, rebounding strongly after a recent decline.