TD Cowen lowered the firm’s price target on Twilio (TWLO) to $100 from $140 and keeps a Hold rating on the shares. The firm expects modest upside to 1Q but sees risk to guide off of macro developments. The company is among the more macro-sensitive companies in their coverage due to its consumption model, use-cases that fall into discretionary marketing budgets and large international exposure.
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Read More on TWLO:
- Twilio’s Hold Rating: Navigating Macroeconomic Sensitivities and Cautious Growth Projections
- Twilio price target lowered to $125 from $165 at Mizuho
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