Selected stock price target news of the day - June 4th, 2025

By: Matthew Otto

CrowdStrike Reports Q1 with Record ARR and Cash Flow; Revenue Outlook Misses Estimates

CrowdStrike Holdings reported first quarter fiscal 2026 earnings per share of $0.73, surpassing the analyst consensus of $0.66 by $0.07. Total revenue for the quarter reached $1.1 billion, up 20% year over year and matching consensus estimates.

Subscription revenue grew to $1.05 billion. Annual recurring revenue (ARR) climbed 22% to $4.44 billion as of April 30, 2025, with $193.8 million in net new ARR added in the quarter. CrowdStrike generated cash flow from operations of $384.1 million and reported free cash flow of $279.4 million.

Net income stood at $184.7 million, while CrowdStrike recorded a net loss attributable to shareholders of $110.2 million, or $0.44 per share. Operating income came in at $201.1 million. CrowdStrike ended the quarter with a cash position of $4.61 billion. Large Falcon Flex deals exceeded $3.2 billion in total value, growing over sixfold from the prior year.

For fiscal Q2, CrowdStrike projected revenue between $1.144 billion and $1.152 billion, compared to the $1.16 billion consensus. For the full year, CrowdStrike expects earnings per share between $3.44 and $3.56, in line with the $3.45 consensus, and revenue between $4.74 billion and $4.81 billion, below the $4.79 billion consensus midpoint.

CrowdStrike also authorized a $1 billion share repurchase program. Falcon module adoption remained, with 48% of customers using six or more modules, 32% using seven or more, and 22% using eight or more.

Analysts Boost Price Targets, Though Some Downgrade Ratings

Stephens & Co. analyst Todd Weller maintained an Overweight rating and raised the price target from $450 to $540.
Canaccord Genuity analyst Michael Walkley downgraded from Buy to Hold, yet lifted the price target from $420 to $475.
Needham analyst Mike Cikos kept a Buy rating and increased the price target from $420 to $530.
Raymond James analyst Adam Tindle raised the price target from $390 to $485.
Scotiabank analyst Patrick Colville raised the price target to $480.
BofA Securities analyst Tal Liani moved from Buy to Neutral but raised the price target from $420 to $470.
BMO Capital analyst Keith Bachman boosted the price target from $405 to $500.
Morgan Stanley Keith Weiss raised the price target to $490.
Jefferies analyst Joseph Gallo increased the price target from $410 to $520.

Which Analyst has the best track record to show on CRWD?

Analyst Saket Kalia (BARCLAYS) currently has the highest performing score on CRWD with 27/30 (90%) price target fulfillment ratio. His price targets carry an average of $31.17 (6.65%) potential upside. CrowdStrike Holdings stock price reaches these price targets on average within 178 days.

Couchbase Reports Q1 FY2026 Results with Record Net New ARR and Revenue Beat

Couchbase reported financial results for the first quarter of fiscal year 2026, ended April 30, 2025. Revenue for the quarter was $56.5 million, exceeding the consensus estimate of $55.59 million and representing a 10% increase year-over-year. Subscription revenue grew 12% to $54.8 million. Annual recurring revenue (ARR) rose 21% to $252.1 million, or 20% on a constant currency basis.

Despite the revenue beat, Couchbase posted a net loss per share of ($0.33), which was $0.25 below the analyst estimate of ($0.08). Operating loss was $18.8 million, improving from $22.5 million a year earlier, while the adjusted operating loss came in at $4.2 million, compared to $6.7 million in the prior year period. Gross margin for the quarter was 87.9%, down from 88.9% a year ago.

Cash used in operations was $6.8 million, and with $1.9 million in capital expenditures, free cash flow stood at negative $8.6 million. Remaining performance obligations totaled $239.6 million, up 9% year-over-year. Couchbase reiterated its financial outlook, guiding for Q2 FY2026 revenue between $54.4 million and $55.2 million, and full-year FY2026 revenue between $228.3 million and $232.3 million.

Analysts Maintain Positive Outlook Following Q1 Results and Guidance

Needham analyst Mike Cikos reiterated a Buy rating and a $22 price target.
Piper Sandler analyst Brent Bracelin kept an Overweight rating and raised the price target from $16 to $20.
Goldman Sachs analyst Kash Rangan reaffirmed a Sell rating along with a $16 price target.
Morgan Stanley analyst Sanjit Singh lifted the price target to $19.
Baird analyst Rob Oliver raised the price target to $22.
William Blair analyst Jason Ader reiterated an Outperform rating.
Truist Securities analyst Miller Jump reaffirmed a Buy rating and a $21 price target.
Davidson analyst Rudy Kessinger reiterated a Buy rating with a $25 price target.

Which Analyst has the best track record to show on BASE?

Analyst Sanjit Singh (MORGAN STANLEY) currently has the highest performing score on BASE with 11/17 (64.71%) price target fulfillment ratio. His price targets carry an average of $3.31 (22.53%) potential upside. Couchbase stock price reaches these price targets on average within 67 days.

Asana Reports Q1 FY2026 Results with Record Profitability and AI Momentum

Asana reported results for the first quarter of fiscal 2026, posting revenue of $187.3 million, a 9% increase year over year, surpassing the consensus estimate of $185.5 million. Earnings per share came in at $0.05, $0.03 above analyst expectations.

Operating margin improved by 1,500 basis points from the prior year, resulting in Asana’s first positive quarterly operating income. Net loss narrowed to $40 million from $63.7 million in Q1 FY2025, while operating cash flow reached $6.8 million, compared to negative $1.9 million a year earlier. The number of customers spending $5,000 or more annually rose 10% to 24,297, while customers spending over $100,000 annually increased 20% to 728. Core customer retention remained, with dollar-based net retention at 96%.

AI Studio, Asana’s latest innovation, exceeded $1 million in annual recurring revenue in its first quarter of general availability. Asana continued to invest in AI development, launching AI Studio Plus and hosting more than 15 global training sessions with over 4,000 participants. Asana also secured a $100 million-plus, three-year renewal.

Looking ahead, Asana expects Q2 revenue of $192 to $194 million, in line with the $192.2 million consensus, and EPS of $0.04 to $0.05, ahead of the $0.04 consensus. For the full fiscal year, Asana raised its EPS guidance to $0.22, above the $0.19 consensus, and maintained a revenue outlook of $775 to $790 million versus the $780.1 million consensus.

Analyst Ratings Mixed but Price Targets Trend Higher Following Q1 Beat

Baird analyst Rob Oliver maintained a Neutral rating and raised the price target from $13 to $15.
KeyBanc analyst Jackson Ader kept a Sector Weight rating.
Piper Sandler analyst Brent Bracelin maintained an Overweight rating and lifted the price target from $17 to $19.
Scotiabank analyst Allan Verkhovski boosted the price target to $16.5.
DA Davidson analyst Lucky Schreiner raised the target from $12 to $17.

Which Analyst has the best track record to show on ASAN?

Analyst Brent Thill (JEFFERIES) currently has the highest performing score on ASAN with 16/16 (100%) price target fulfillment ratio. His price targets carry an average of $2.36 (18.67%) potential upside. Asana stock price reaches these price targets on average within 32 days.