Argus upgraded Twilio to Buy from Hold with a $72 price target. The company is positioned for revenue and adjusted earnings growth as its core Communications business revives and as its Data & Applications business recovers, the analyst tells investors in a research note. AI is seen as a “key accelerant” for Twilio as clients seek to make customer-communications tools more capable and efficient, the firm added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on TWLO: