CrowdStrike falls after KeyBanc downgrades to 'sector weight'

Cybersecurity firm CrowdStrike's CRWD.O shares fall 2.1% to $460.70 premarket

KeyBanc downgrades to "sector weight" from "overweight"

Says outlook for security is measured since security budgets are expected to lag overall IT budgets in 2026

Adds 70% of CIOs note they have more than 10 security tools and AI as a tailwind still remains early

Average rating of 54 analysts is "buy"; median PT is $567 - data compiled by LSEG

CRWD gained 37% in 2025