Twilio price target raised to $160 from $90 at Oppenheimer

Oppenheimer analyst Ittai Kidron raised the firm’s price target on Twilio (TWLO) to $160 from $90 and keeps an Outperform rating on the shares. The firm comes away from Twilio’s Investor Day positive on its direction and more confident in its ability to accelerate growth. While management’s vision isn’t completely new, its actions are bringing the vision to reality, at a time when the need for an efficient and compelling omni-channel customer and contextually enhanced experience is rising, Oppenheimer says. These improvements are alongside their improved operational efficiencies, streamlined headcount, cost reductions, and a better sales/go-to-market motion. Net, the firm is positive on the shares and sees the execution gains transferring to shareholders.