In a report released yesterday, Mark Murphy from J.P. Morgan maintained a Buy rating on Twilio, with a price target of $140.00.
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Mark Murphy has given his Buy rating due to a combination of factors that highlight Twilio’s potential for growth and stability. One of the key reasons is the confidence expressed by a partner in Twilio’s practice, which has seen significant year-over-year growth and is on track to meet its 2025 targets. Despite some deal deferrals due to economic uncertainties, the partner remains optimistic about the company’s performance in the latter half of the year.
Additionally, Twilio Flex is identified as a foundational element for AI-related use cases, which positions the company well in the evolving tech landscape. The integration of Flex Insights with Segment further enhances its utility, making it a valuable tool for customers. Furthermore, while Twilio faces challenges in RFP processes, the involvement of partners in deals significantly boosts win rates and annual recurring revenue, suggesting a strategic advantage in partner-led sales. Overall, Twilio’s restructuring efforts and focus on profitability and free cash flow generation contribute to a positive outlook, justifying the Buy rating.
According to TipRanks, Murphy is a 5-star analyst with an average return of 10.6% and a 57.38% success rate. Murphy covers the Technology sector, focusing on stocks such as Microsoft, Cloudflare, and ServiceNow.
In another report released on July 28, Monness also maintained a Buy rating on the stock with a $165.00 price target.