Morgan Stanley raised the firm’s price target on Twilio (TWLO) to $80 from $75 and keeps an Overweight rating on the shares. Communication Software has underperformed this year given concerns around opportunities for point products versus platforms, notes the analyst, who remains “most positive” on CCaaS names such as Nice and Five9 (FIVN) and also remains positive on Twilio given it already has a platform. In conjunction with its 2024 preview, the firm is rolling forward price targets to a 2025 basis.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on TWLO: