$CRWD

Bank of America upgraded Salesforce (CRM) to Buy, raising its price target to $285, citing AI adoption and strong free cash flow. Barclays downgraded Dell (DELL), HPE (HPE), NetApp (NTAP), HubSpot (HUBS), and monday.com (MNDY) due to AI growth concerns. Deutsche Bank upgraded Walmart (WMT) to Buy, targeting $136, citing inflation benefits. RBC downgraded GoDaddy (GDDY) to Sector Perform, citing AI's impact. MongoDB (MDB) ratings reaffirmed by Needham and BofA.

Tech selloff hit software and chip stocks on Friday, with the iShares Expanded Tech-Software Sector ETF (IGV) down 4.8% and the iShares Semiconductor ETF (SOXX) off 4.1%. Key decliners included ServiceNow (NOW, -4%), Oracle (ORCL, -5%), Salesforce (CRM, -2%), and Twilio (TWLO, -10.6%). Analysts cited AI and interest-rate fears as drivers of the broad-based decline.

QQQ declined 1.6% due to losses in key tech holdings, including CRWD's 7.8% drop. Other contributors: MU (-3.9%), AMD (-3.6%), PLTR (-6.4%), MSFT (-2.0%), PANW (-7.6%), INTC (-4.2%), META (-2.4%), AVGO (-2.8%), and SPCX (-1.9%). CRWD insiders sold shares totaling $272.9M, $141.7M, and $89.6M by Kurtz, Podbere, and Sentonas, respectively. Analysts' median price target for CRWD is $720, with targets ranging from $235 to $825.

KeyBanc Capital raised its price target for CrowdStrike Holdings from $245 to $265. The stock was trading at $244.57, down 1.89% in pre-market. The adjustment reflects the analyst's updated outlook on the company's valuation and earnings potential.

Analysts updated ratings and price targets for several companies. Ebay (EBY) was upgraded to buy, while Workday (WDAY) was downgraded to sector weight. Fair Isaac (FICO) and Crowdstrike (CRWD) saw target price changes. Other affected firms include Ccc Intelligent Solutions (CCCS), Eastman Chemical (EMN), Jpmorgan Chase (JPM), and Rocket Lab (RKLB).

Kurtz George (PRESIDENT AND CEO) sold 20,000 shares of CrowdStrike Holdings, Inc. (CRWD) at an average of $257.67 ($249.11–$267.51, $5.15M total) across 16 trades over 2026-10-13 to 2026-10-14 under a Rule 10b5-1 trading plan.

CrowdStrike Holdings Inc. (CRWD) shares declined 1.89% to $244.57 on Thursday, marking its fourth straight day of losses. This underperformance occurred despite broader market gains, with the S&P 500 and Dow Jones rising 0.33% and 1.08%, respectively.

Citigroup raised price targets for Palo Alto Networks (PANW), CrowdStrike (CRWD), Zscaler (ZS), Okta (OKTA), and Fortinet (FTNT) after a survey showed accelerated cybersecurity spending due to AI-driven operations. CIOs reported a 7% growth in budgets, with 82% increasing outlays for AI security. Analysts noted durable demand but cautioned about valuation fatigue.

Citigroup raised its price target for CrowdStrike from $260 to $295. The stock is currently trading at $249.29, down 4.56%. The adjustment reflects Citigroup's updated outlook on the company's performance.

U.S. CPI rose 0.6% in September, annual inflation at 3.7%, above expectations. Core CPI also exceeded forecasts. Energy prices surged, with gasoline up 9.1% in September. Fed rate hike odds for October doubled to 49% after data. Markets reacted negatively, with major indexes down and 10-year Treasury yield rising to 5.27%.