CrowdStrike (CRWD) delivered a "strong" quarter with accelerating growth at scale and raised fiscal 2027 annual recurring revenue expectations, positioning the company for another year of potential acceleration, RBC Capital Markets said.

The brokerage said in a Tuesday note that CrowdStrike's fiscal 2027 guidance implies only modest deceleration in annual recurring revenue and net new annual recurring revenue growth. RBC said it believes both metrics are biased upward and could potentially accelerate compared to fiscal 2026.

The investment firm said CrowdStrike remains a top idea as a cybersecurity consolidator and artificial intelligence beneficiary. The brokerage cited its large base of proprietary threat intelligence data and models built on cyber reinforced learning from human feedback.

RBC maintained its outperform rating and $550 price target on the shares.

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