Analyst Joshua Reilly from Needham maintained a Buy rating on Twilio and increased the price target to $145.00 from $125.00.
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Joshua Reilly has given his Buy rating due to a combination of factors including Twilio’s robust performance in the third quarter, where the company achieved an impressive 13% organic growth. This growth has prompted an upward revision of the fiscal year 2025 organic growth guidance to 11.3-11.5%, surpassing the previous estimate of 9-10%.
Twilio’s success is attributed to widespread strength across various customer segments, including self-serve and enterprise, as well as international messaging. The company’s product offerings, particularly in messaging and software add-ons, have also experienced significant growth. Additionally, Twilio’s partnerships with ISV partners have shown growth exceeding 20% in the quarter. These factors, combined with strong profitability, have led to an increased price target of $145, reinforcing Twilio’s position as a top pick for 2025.
In another report released today, Citizens JMP also maintained a Buy rating on the stock with a $165.00 price target.