Twilio price target raised to $145 from $140 at UBS

UBS analyst Taylor McGinnis raised the firm’s price target on Twilio (TWLO) to $145 from $140 and keeps a Buy rating on the shares. Twilio’s Investor Day event instilled comfort in its growth durability, giving investors what they needed to hear to remain constructive, with the guidance, new $2B share repurchase authorization, financial disclosures and upbeat qualitative commentary all meeting or exceeding expectations, the analyst says. The company’s optimism on double-digit topline growth potential, runway to improve execution further, and benefit from AI suggest that further upside remains, UBS says.