Twilio price target raised to $94 from $83 at Piper Sandler

Piper Sandler analyst James Fish raised the firm’s price target on Twilio (TWLO) to $94 from $83 and keeps an Overweight rating on the shares. The firm notes shares were up after hours following an even stronger re-acceleration than anticipated for the quarter, free cash flow beat, conservative Q4 setup across metrics, and early view into FY25 that suggests growth durability of over 7%-8% year-over-year from a historically prudent management team.