Goldman Sachs upgraded Twilio (TWLO) to Buy from Neutral with a price target of $185, up from $77, after the analyst day. Following multiple years of growth compression and several strategic actions, Twilio is now “hitting an inflection point both in terms of narrative and fundamentals,” the analyst tells investors in a research note. The firm says Twilio’s cost reduction initiatives and ongoing efficiency measures support strong free cash flow generation ahead. It believes the company can “observe a positive revision cycle” on both sales and earnings against a “conservative” initial 2025 outlook.
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