Twilio price target raised to $85 from $60 at Jefferies

Jefferies analyst Samad Samana raised the firm’s price target on Twilio (TWLO) to $85 from $60 and keeps a Hold rating on the shares. Twilio “delivered across the board” in Q3 and management was “full of other positive surprises,” as they guided above consensus for the out quarter, provided an “encouraging” preliminary look at FY25 and announced an Analyst Day in January of 2025, according to the analyst, who believes investors will “reward the results accordingly.”