CrowdStrike and McDonald’s downgraded: Wall Street’s top analyst calls

Top 5 Initiations:

KeyBanc initiated coverage of Twilio (TWLO) with an Overweight rating and $146 price target. The positive momentum seen recently in Twilio has some legs, particularly in focusing on the core offerings and given some “blocking and tackling” on its go-to-market strategy, the firm tells investors in a research note. KeyBanc also started coverage of Five9 (FIVN) and Cloudflare (NET) with Overweight ratings.
KeyBanc initiated coverage of Zoom Communications(ZM) with an Underweight rating and $73 price target as part of a broader research note launch coverage of select Enterprise Software names. The company’s primary video conferencing business has been under threat since the peak of the pandemic as “virtual happy hours” faded into the background of the 5-days-a week in-office mandates, the firm tells investors in a research note. KeyBanc also started coverage of Akamai (AKAM) with an Underweight rating.
KeyBanc initiated coverage of RingCentral (RNG) with a Sector Weight rating and no price target. The company has an opportunity to expand into Customer Experience, but it is a crowded field, the firm tells investors in a research note. KeyBanc also started coverage of Fastly (FSLY) with a Sector Weight.
Goldman Sachs initiated coverage of Teva (TEVA) with a Buy rating and $24 price target. The firm sees an improving core business, with upside to near-mid-term consensus EBITDA estimates driven by “strong growth” in the branded segment. Goldman’s estimates are 6% above consensus EBITDA estimates in 2027 and it sees the potential for this to expand further on continued execution.
Roth Capital initiated coverage of Hut 8 (HUT) with a Buy rating and $25 price target. Hut 8 is transforming into a power-first digital infrastructure platform, with 1.0GW energized, 2.6GW under exclusivity, and long-term growth visibility from bitcoin hosting and high-performance computing colocation, the firm tells investors in a research note.