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.
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