Twilio price target raised to $83 from $78 at JPMorgan

JPMorgan raised the firm’s price target on Twilio (TWLO) to $83 from $78 and keeps an Overweight rating on the shares post the Q3 report. The possibility of eventual growth acceleration has been a focal point, and Twilio’s reacceleration in Q3 is a “very positive step in the right direction,” which supports the broader goal of re-accelerating revenue growth to consistent double digits, the analyst tells investors in a research note.