TD Cowen raised the firm’s price target on Twilio to $77 from $60 and keeps a Market Perform rating on the shares. The firm said Industry data suggests Email/SMS Messaging volumes re-accelerated for the first time in 5 quarters in 4Q and Cowen’s checks suggest Communications enterprise deal activity has stabilized.
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:
- Twilio upgraded, Nutrien downgraded: Wall Street’s top analyst calls
- Twilio upgraded to Overweight from Neutral at Piper Sandler
- Twilio reports preliminary Q4 revenue above previous $1.03B-$1.04B range
- Twilio CEO Jeff Lawson to step down, Khozema Shipchandler to succeed
- Twilio price target raised to $90 from $75 at Canaccord
