Twilio price target raised to $120 from $80 at Barclays

Barclays raised the firm’s price target on Twilio (TWLO) to $120 from $80 and keeps an Overweight rating on the shares following the investor day. The firm believes Twilio offered enough for bullish investors while maintaining fiscal 2025 “conservatism.” Investors are likely comfortable with the company’s 2025-2027 financial framework and Q4 preannounce, along with commentary around potential for double-digit revenue growth in the years ahead, the analyst tells investors in a research note.