Twilio price target raised to $90 from $77 at BofA

BofA raised the firm’s price target on Twilio (TWLO) to $90 from $77 and keeps an Underperform rating on the shares. Q4 revenue matched the pre-announcement from last month and 2025 guidance was in-line with Q3 commentary, notes the analyst, who calls the stock’s valuation “expensive relative to similar growth software peers” and “even more expensive” if one accounts for 50% of free cash flow being allocated to anti-dilution stock repurchases.