Twilio price target raised to $144 from $118 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Twilio (TWLO) to $144 from $118 and keeps an Equal Weight rating on the shares. The firm walked away from Twilio’s analyst day “encouraged that the company could grow more profitably than expected,” the analyst tells investors. The profitability commitment and preliminary Q4 results were better than expected, adds the analyst, who sees multiple levers for upside remaining as Twilio executes on the plan laid out.