Twilio price target lowered to $69 from $70 at Macquarie

Macquarie lowered the firm’s price target on Twilio to $69 from $70 and keeps a Neutral rating on the shares post the Q4 report. The company closed out a volatile 2023 with an earnings call “that showed there’s still work to be done before this ship is ready to set sail again,” the analyst tells investors in a research note. The firm awaits the results of Twilio’s segment operational review, which are expected in March.