Twilio price target raised to $80 from $75 at Wells Fargo

Wells Fargo raised the firm’s price target on Twilio (TWLO) to $80 from $75 and keeps an Equal Weight rating on the shares. Twilio printed a beat and raise quarter with growth re-acceleration on broad-based improvement in communication volumes and political, while Segment is still a work-in-progress, the analyst tells investors in a research note. The FY25 outlook of 7%-8% revenue growth seems like a solid outcome and places more emphasis on the qualitative/drivers at the upcoming Analyst Day in late January, the firm says.