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Today's top analyst calls - June 22: CRWD SBH TWLO NVDA VMEO

STIFEL UPGRADES CROWDSTRIKE: Stifel analyst Brad Reback upgraded Crowdstrike ($CRWD) to Buy from Hold with a price target of $300, up from $240. The analyst is citing the feedback received from 51 of the company's customers suggesting broader Crowdstrike deployments and a "more sustainable" annual recurring revenue trajectory. Reback adds that based on the historical scale of legacy endpoint security vendors, he believes that Crowdstrike could grow its subscription customer count to over 100,000 over time vs. the 11,420 as of Q1 of FY22.

Oppenheimer analyst Rupesh Parikh upgraded Sally Beauty ($SBH) to Outperform from Perform with a $24 price target. The over 20% pullback in the shares from recent May highs creates an attractive entry point for "value players," Parikh tells investors in a research note. The analyst believes Sally Beauty has sustainable earnings per share power in at least the $2.35 range. The company is gaining traction with key initiatives, which could fuel upside to Street forecasts longer term, Parikh tells investors in a research note. The analyst calls Sally Beauty a favorite value play.

Additionally, Cowen analyst Oliver Chen upgraded Sally Beauty to Outperform from Market Perform with a $30 price target.

TWILIO INITIATED AT NEEDHAM: Needham analyst Ryan Koontz initiated coverage of Twilio ($TWLO) with a Buy rating and $430 price target. The analyst sees Twilio as a global leader in "several fast-growing market segments" that enable digital customer engagement. Despite an increasingly competitive landscape, the company's innovation and "unique" developer-focused go-to-market are "strong differentiators" capable of sustaining its market share," says the analyst. Twilio ranks among his top picks.

Raymond James analyst Chris Caso raised the firm's price target on Nvidia ($NVDA) to $900 from $750 and keeps a Strong Buy rating on the shares. Near-term trends are following the path the firm anticipated when upgrading the stock from Outperform in April, and Caso still considers Nvidia to be the semi company best positioned for growth over the long term, the analyst tells investors in a research note. Following some checks over the past week, Caso is convinced that datacenter has begun to reaccelerate due to hyperscale digestion, a resumption of enterprise activity and rising virtualization.

Cowen analyst John Blackledge said Vimeo ($VMEO) is well positioned to take share within the large and rapidly growing Video SaaS market. He expects it to be driven primarily by robust Enterprise adoption to generate 33% revenue growth over the next five years with ramping margins despite elevated investment in R&D and S&M over the next few years. Blackledge reiterated his Outperform rating and $56 price target on Vimeo shares.

Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal.

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