Morgan Stanley analyst Meta Marshall raised the firm’s price target on Twilio (TWLO) to $118 from $115 and keeps an Equal Weight rating on the shares ahead of the company hosting an analyst day on January 23. The event next week presents an opportunity to reset messages around Communications Platform as a Service growth trends, how Segment fits into Twilio, and the AI opportunity and profit potential, says the analyst, who sees the current valuation capturing about a 10% compound annual growth rate for revenue.
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