Twilio price target raised to $82 from $64 at Morgan Stanley

Morgan Stanley analyst Meta Marshall raised the firm’s price target on Twilio to $82 from $64 and keeps an Overweight rating on the shares, arguing that the company’s Q4 outlook and recent reduction in force show increased cost discipline after "a rough few quarters where investors felt concerns around profitability were not being addressed." The firm remains "positively inclined" on Twilio, citing what it calls "a depressed valuation that fails to credit a differentiated and growing customer engagement platform."