Twilio price target raised to $60 from $55 at Mizuho

Mizuho analyst Siti Panigrahi raised the firm’s price target on Twilio to $60 from $55 and keeps a Neutral rating on the shares post the Q3 report. The company delivered 5% above its conservative Q3 revenue guidance, but its growth continued decelerating, the analyst tells investors in a research note. The firm is encouraged by Twilio’s margin expansion, but is waiting to see a revenue reacceleration trend.