Twilio price target raised to $60 from $50 at Jefferies

Jefferies analyst Samad Samana raised the firm’s price target on Twilio to $60 from $50 and keeps a Hold rating on the shares. The firm lowered its 2023 and 2024 revenue estimates after factoring in Q4 results and management commentary on future growth. Jefferies is also, on the other hand, "greatly" increasing its 2023 and 2024 earnings per share estimates due to significant cost cuts.