Stifel analyst J. Parker Lane lowered the firm’s price target on Twilio to $60 from $70 and keeps a Hold rating on the shares after the company announced the results of the company’s operational review of Segment, which it is keeping, along with other material announcements about its buyback expansion and guidance. Based on recent checks in the CDP space, Twilio’s acquisition of Segment has opened the door for other best-of-breed players like Treasure Data and Tealium to become more competitive with the former market-share leader, the analyst tells investors.
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 Insiders’ Hot Stocks on TipRanks >>
Read More on TWLO:
- Twilio Sets Growth Targets and Expands Buyback Program
- Unusually active option classes on open February 16th
- Twilio (NYSE:TWLO) Beats Q4 Estimates, Stock Dips on Q1 Forecast
- Snowflake downgraded, Coinbase upgraded: Wall Street’s top analyst calls
- Twilio price target lowered to $69 from $70 at Macquarie