Twilio price target raised to $75 from $50 at RBC Capital

RBC Capital raised the firm’s price target on Twilio (TWLO) to $75 from $50 and keeps an Underperform rating on the shares. The company’s Investor Day presentation featured new targets and positive Q4 preliminary results, driving shares 15% higher after-hours, the analyst tells investors in a research note. RBC adds however that while it can acknowledge solid profitability targets, a seemingly conservative approach to framing growth, and encouraging metrics, the firm retains a cautious stance on Twilio due to competition and uncertainty with AI benefits.