Twilio price target raised to $75 from $65 at Cowen

Cowen analyst J. Derrick Wood raised the firm’s price target on Twilio to $75 from $65 and keeps a Market Perform rating on the shares. The analyst said they reported good 4Q with growth above guidance, but 1Q guide of 14-15% was below Street at 17% and the question is, where does growth trough.