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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on TWLO:
- Activist Investor Asks Twilio’s (NYSE:TWLO) Board to Sell the Company
- Unusually active option classes on open November 28th
- Anson Funds takes stake in Twilio, urges sale, The Information reports
- Twilio price target raised to $60 from $55 at Mizuho
- Twilio price target raised to $73 from $68 at Bernstein
