Twilio price target raised to $75 from $65 at Wells Fargo

Wells Fargo analyst Michael Turrin raised the firm’s price target on Twilio (TWLO) to $75 from $65 and keeps an Equal Weight rating on the shares. Recent headlines have resulted in increased investor dialogue ahead of the Q3 results, especially around activism, political traffic and GenAI, the analyst tells investors in a research note. While near-term variance skews to the upside with a favorable setup, Wells Fargo still sees the long-term as challenged.