UBS analyst Taylor McGinnis lowered the firm’s price target on Twilio to $85 from $93 and keeps a Buy rating on the shares ahead of the Q1 print. Continued pressure on SMS growth, lack of inflecting Data & Apps adoption, and greater scrutiny of customer engagement/martech budgets were flagged by checks, but the firm’s bottom-up revenue analysis suggests a further deceleration across each segment is likely embedded in Twilio’s outlook, the analyst tells investors in a research note. The firm thinks that a 2% beat on Q1 revenues and a Q2 guide in line with the Street is "doable."
Published first on TheFly
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