TD Cowen analyst Derrick Wood raised the firm’s price target on Twilio (TWLO) to $140 from $120 and keeps a Hold rating on the shares. The firm attended its Investor Day where management pre-announced 4Q above guide as expected. The new 2025-2027 framework was encouraging especially on margins and FCF but medium term targets are still set at only 7-8% top line growth.
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