CrowdStrike Holdings (CRWD) is still the "gold standard" for cybersecurity as the company is in the early stages of its multi-growth story, Wedbush said in a Thursday note.

The firm's net new annual recurring revenue is anticipated to accelerate again in H2 next year, and remains at the "forefront" to secure the artificial intelligence revolution in the coming years, analysts led by Daniel Ives wrote.

The cybersecurity technology company's stock is expected to reach above $600 apiece in 2026 as it executes its core growth initiatives, the analysts added.

"CrowdStrike remains one of our favorite tech names, and we are seeing deal momentum spread with AI also a clear tailwind for this well-positioned tech leader," the analysts said, adding that CrowdStrike's product portfolio continues to expand, and that's why "increased market and mind share" is taking place.

Wedbush raised CrowdStrike's price target to $575 from $525 and maintained an outperform rating on the stock.