Tigress Financial analyst Ivan Feinseth raised the firm’s price target on Twilio (TWLO) to $170 from $135 and keeps a Buy rating on the shares. The company continues to experience artificial intelligence-driven customer growth and evolve into an AI-driven platform-based software service provider, the analyst tells investors in a research note. The firm says increasing adoption of AI-driven and cloud-based communication solutions is driving revenue and cash flow growth and further acceleration in Twilio’s business performance trends.
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