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Twilio price target raised to $70 from $60 at Wells Fargo
The Fly

Twilio price target raised to $70 from $60 at Wells Fargo

Wells Fargo analyst Michael Turrin raised the firm’s price target on Twilio to $70 from $60 and keeps an Equal Weight rating on the shares. The firm notes Twilio’s Q4 report provided a notable shift in tone. Post restructuring, the emphasis has moved toward profitability, including a revised financial framework. Wells expects the change to be welcomed by investors, but notes a long, tough road still ahead.

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