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Twilio initiated with a Buy at Tigress Financial

Tigress Financial initiated coverage of Twilio with a Buy rating and $75 price target. The company’s introduction of new products, driven by increasing integration of predictive and generative artificial intelligence functionality, will drive greater customer adoption and increasing integration of its unified communications services, the analyst tells investors in a research note. The firm views the recent pullback in the shares as a “significant buying opportunity.” It believes Twilio is well positioned to benefit from the ongoing acceleration of AI-driven digital customer engagement.

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