Twilio price target raised to $77 from $65 at BofA

BofA raised the firm’s price target on Twilio (TWLO) to $77 from $65 and keeps an Underperform rating on the shares following the investor day. Management’s tone was constructive and the metrics and forecasts provided were mostly in-line to positive compared to expectations, the analyst tells investors in a research note. The firm views Twilio’s financial metrics as a “mixed bag.”