Twilio price target raised to $130 from $83 at JPMorgan

JPMorgan analyst Mark Murphy raised the firm’s price target on Twilio (TWLO) to $130 from $83 and keeps an Overweight rating on the shares following the investor day. The analyst left “incrementally constructive” on Twilio’s prospects for sustained profitable growth. It has emerging optimism over Twilio’s gradual growth acceleration as it realizes recent initiatives to capture a broader market opportunity in the official intelligence-enriched customer experience as a service market.