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Argus upgrades Twilio to Buy, sees AI as ‘key accelerant’

Argus upgraded Twilio to Buy from Hold with a $72 price target. The company is positioned for revenue and adjusted earnings growth as its core Communications business revives and as its Data & Applications business recovers, the analyst tells investors in a research note. AI is seen as a “key accelerant” for Twilio as clients seek to make customer-communications tools more capable and efficient, the firm added.

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