Amerx Initiates Coverage of CrowdStrike Holdings with Underweight Rating
Fintel reports that on October 8, 2026, Amerx initiated coverage of CrowdStrike Holdings (NASDAQGS:CRWD) (SWX:CRWD) with a Underweight recommendation.
CrowdStrike Holdings, Inc. is a leading cybersecurity company based in the United States, primarily focused on providing cloud-delivered solutions for endpoint security, threat intelligence, and cyberattack response. The company's Falcon platform utilizes artificial intelligence (AI) and machine learning to offer next-generation antivirus, endpoint detection and response (EDR), and a suite of managed security services to secure IT environments, including cloud workloads, identities, and endpoints. On October 8, 2026, the company's latest close was $262.97, following a pre-action close of $265.44 on October 7, 2026. This latest close represents a price change of -1.17% over one week, compared to the baseline close of $266.09 on October 1, 2026. Over a one-month period, the stock experienced a price change of +25.21% from its baseline close of $210.02 on September 8, 2026.
The initiation by Amerx stands in contrast to the broader consensus. As of October 2, 2026, the current consensus target mean for the stock was $238.54, with a median target of $249.90. This current consensus target represents an implied change of -9.29% from the stock's valuation. Previously, on September 15, 2026, the prior consensus target mean was $237.19, reflecting a consensus target revision of +0.57%. In terms of analyst recommendations, the current recommendation period starting September 1, 2026, shows a total of 61 recommendations, consisting of 12 strong buy, 33 buy, 14 hold, 1 sell, and 1 strong sell ratings. This represents 73.8% positive, 23.0% hold, and 3.3% negative recommendations. In the prior period starting August 1, 2026, the total was also 61 recommendations, with 12 strong buy, 34 buy, 13 hold, 1 sell, and 1 strong sell ratings, representing 75.4% positive, 21.3% hold, and 3.3% negative recommendations.
On the same day as the initiation by Amerx, October 8, 2026, there were 2 analyst actions recorded. BMO Capital maintained its Outperform rating on the stock. Looking at other recent rating actions, StoneX maintained a Buy rating on October 6, 2026, and TD Cowen maintained a Buy rating on October 2, 2026. Earlier, Morgan Stanley maintained an Overweight rating on September 21, 2026, while Stephens & Co. maintained an Overweight rating and B of A Securities maintained a Neutral rating, both on September 18, 2026.
CrowdStrike's latest earnings report was released on August 26, 2026. The company reported actual earnings per share (EPS) of 0.31, exceeding the estimated EPS of 0.2986, which represents an EPS surprise of +3.82%. Additionally, actual revenue reached $1,470,897,000.00, compared to the estimated revenue of $1,468,832,374.00.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| October 8, 2026 | Amerx | Underweight | initiated coverage | |
| October 8, 2026 | BMO Capital | Outperform | Outperform | maintained |
| October 6, 2026 | StoneX | Buy | Buy | maintained |
| October 2, 2026 | TD Cowen | Buy | Buy | maintained |
| September 21, 2026 | Morgan Stanley | Overweight | Overweight | maintained |
| September 18, 2026 | Stephens & Co. | Overweight | Overweight | maintained |
| September 18, 2026 | B of A Securities | Neutral | Neutral | maintained |
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This story originally appeared on Fintel.