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

Scotiabank analyst Nick Altmann raised the firm’s price target on Twilio (TWLO) to $160 from $90 and keeps an Outperform rating on the shares. The company’s Q4 preliminary results, attractive margin targets, and the authorization of additional share repurchases has made the firm incrementally more comfortable with its rating, the analyst tells investors. Twilio delivered the “right message” at its analyst day, and, with the continued expansion and an enticing AI story, the company is one of the more exciting stocks in Scotiabank’s coverage, the firm adds.