UBS lowered the firm’s price target on Twilio to $74 from $82 and keeps a Buy rating on the shares. The company decided a sale wasn’t appropriate partly due to Segment’s lack of growth and profitability and is instead focusing on shrinking Segment’s cost basis to hit breakeven, the analyst tells investors in a research note. The firm believes the stock’s risk/reward seems to skew more positive at the current valuation.
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