Twilio price target raised to $80 from $55 at Baird

Baird analyst William Power raised the firm’s price target on Twilio to $80 from $55 and keeps a Neutral rating on the shares. The analyst said they reported solid Q4 results, including positive and better-than-forecasted adjusted operating income. Q1 guidance was mixed, with weaker revenue but better margins. Baird noted the company also announced a $1 billion stock buyback. We are positive on the new business structure and much improved profitability outlook.