Barclays raised the firm’s price target on Twilio to $70 from $60 and keeps an Equal Weight rating on the shares. The price target is part of the analyst’s Q4 earnings preview for the software sector. Investor fear of missing a move higher outweighs valuation concerns, says the analyst, citing conversations with investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on TWLO:
- Twilio price target raised to $77 from $60 at TD Cowen
- Twilio upgraded, Nutrien downgraded: Wall Street’s top analyst calls
- Twilio upgraded to Overweight from Neutral at Piper Sandler
- Twilio reports preliminary Q4 revenue above previous $1.03B-$1.04B range
- Twilio CEO Jeff Lawson to step down, Khozema Shipchandler to succeed