Twilio price target raised to $77 from $58 at Bernstein

Bernstein analyst Peter Weed raised the firm’s price target on Twilio to $77 from $58 and keeps a Market Perform rating on the shares. The firm notes that along with a 2.5% revenue beat, Twilio doubled down on its profit focus, and announced a $1B stock buyback, while attempting to maintain a message that revenue growth will be possible. But like strategy day, and earlier quarters, much of this is on the come — with promises as far out as 2027, Bernstein says.