UBS analyst Taylor McGinnis raised the firm’s price target on Twilio to $73 from $65 and keeps a Buy rating on the shares. Twilio’s 5% revenue beat in Q2 was a “nice surprise” amid usage optimizations and marketing and B2C spend concerns, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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: