Twilio price target lowered to $90 from $100 at Scotiabank

Scotiabank lowered the firm’s price target on Twilio to $90 from $100 and keeps an Outperform rating on the shares. While some investors may “nitpick” the company’s recently released Q2 guidance and continued weakness in Segment, both EBIT and free-cash-flow estimate continue to move up while revenue estimates remain unchanged, the analyst tells investors.