CrowdStrike Analyst No Longer Bullish, Citing Lower Security Budgets And Absence Of AI Tailwinds
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CrowdStrike Holdings Inc (NASDAQ:CRWD) has been downgraded from Overweight to Sector Weight by KeyBanc Capital Markets analyst Eric Heath, citing lower cybersecurity demand expected in 2026. The analyst noted that security budgets may grow slower than overall IT budgets and that AI has yet to positively impact these budgets. Additionally, CrowdStrike's exposure to U.S. Fed cyber budgets, projected to remain flat in 2026, could pose challenges. Following the downgrade, CRWD shares fell by 1.77% to close at $462.28.
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