capital · May 21, 2026

KeyBanc Raises CrowdStrike Price Target to $700 from $525 Citing Mythos Demand

KeyBanc raised its price target on CrowdStrike to $700 from $525 on May 18, 2026 while maintaining an Overweight rating. The upgrade follows strong post-Mythos conference demand signals and improved enterprise security spend outlook. Analyst notes reference CrowdStrike’s FY2026 ending ARR of $5.25 billion up 24% year over year and Falcon Flex ARR of $1.69 billion up more than 120% year over year. Customer conversations indicate Mythos is driving increased or pull-forward security spend.