Twilio to Participate in Goldman Sachs Communacopia and Technology Conference
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Twilio (TWLO) PT Raised to $70 at Bernstein SocGen Group
August 27, 2024 5:50 AM EDTBernstein SocGen Group analyst Peter Weed raised the price target on Twilio (NYSE: TWLO) to $70.00 (from $68.00) while maintaining a Market Perform rating.
The analyst comments "Twilios FQ224 saw slight YoY growth acceleration to 4.3% YoY (from 4.0% in FQ1) as it starts lapping the strategy clean up with a reenergized focus on the Communications business. Between reported improving organic growth in self-serve, email, massaging, and ISV, and lapping effects of end-of-life for Zipwhip by end of 24 (a 100bps+ headwind to NRR... More
