Twilio price target lowered to $65 from $70 at Barclays

Barclays analyst Ryan MacWilliams lowered the firm’s price target on Twilio to $65 from $70 and keeps an Equal Weight rating on the shares post the Q2 report. Twilio continues to execute on its margin objectives, though organic revenue growth likely needs to improve from here to bring investors off the sidelines, the analyst tells investors in a research note.