There are stock calls that feel cautious and measured. And then there are the ones that make you sit up straight.

Morgan Stanley just raised its CrowdStrike (CRWD) price target in a note shared with me at TheStreet on May 20. In fact, it’s a $100 increase on a stock that has already moved 40% in the past month and sits at $650.11 as of May 20 close.

The firm reaffirmed its Top Pick designation and Overweight rating heading into the company’s June 3 first-quarter fiscal 2027 earnings report.

On the surface, the math looks aggressive.

CRWD is trading above the new price target already. But the note is not a near-term call. It is a conviction statement about where CrowdStrike’s earnings power is heading by 2030. On top of…