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Twilio price target raised to $75 from $55 at RBC Capital
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Twilio price target raised to $75 from $55 at RBC Capital

RBC Capital analyst Rishi Jaluria raised the firm’s price target on Twilio to $75 from $55 but keeps a Sector Perform rating on the shares. The company reported underwhelming Q4 top-line results, but its profitability guidance was well above consensus, driving shares up 12% after market close, the analyst tells investors in a research note. The firm adds that it was encouraged by the management’s emphasis on driving margin improvement and reaccelerating Data & Applications growth, though it also believes that Twilio has a long path to a turnaround and may struggle to underwrite the long-term targets given potential further gross margin degradation and execution risk.

Published first on TheFly

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