Twilio price target raised to $66 from $60 at Northland

Northland analyst Michael Latimore raised the firm’s price target on Twilio to $66 from $60 and keeps an Outperform rating on the shares. The firm is increasing its FY23 non-GAAP operating income estimate after Twilio beat Q2 estimates. While macro headwinds are “still a topic, Twilio has an “interesting AI opportunity with strong data assets,” the analyst tells investors.