Wells Fargo initiated coverage of Twilio (TWLO) with an Overweight rating and $130 price target The firm is positive on the company’s low AI disruption risk, tailwinds from providing infrastructure for voice AI, the RCS buildout cycle and strong free cash flow generation, the analyst tells investors in a research note. Wells adds that it is seeing stronger voice AI momentum, and in Q2, Twilio noted voice revenue growth improved back to above double digits.
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