Macquarie keeps a Neutral rating on Twilio with a $65 price target after The Information reported that activist investor Anson Funds has built a stake in the company and is calling for a full strategic alternatives review, including divestitures. The stock closed Tuesday up 4% to $65.10. The firm analyzed Twilio on a sum-of-parts basis and found 11%-17% upside from selling Data & Apps, which it calls a “less than ideal outcome.” The analyst sees limited upside from breaking up Twilio and thinks it is better served using its data layer for its generative artificial intelligence strategy.
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- Anson Funds takes stake in Twilio, urges sale, The Information reports
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