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Twilio price target raised to $110 from $100 at BofA

BofA analyst Koji Ikeda raised the firm’s price target on Twilio (TWLO) to $110 from $100 and keeps an Underperform rating on the shares after the company reported “good” Q3 results. The firm raised its price target for a higher forecast and multiple based on increasing execution confidence, but is waiting for more data points that Twilio is a long-term share gainer in the agentic future with its messaging plus voice plus customer data value proposition.

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