Twilio (TWLO – Research Report), the Communication Services sector company, was revisited by a Wall Street analyst today. Analyst Joshua Reilly from Needham reiterated a Buy rating on the stock and has a $125.00 price target.
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Joshua Reilly’s rating is based on several positive observations from the Twilio Signal customer conference. He noted that feedback from both partners and customers emphasized increased usage of Twilio’s platform and praised the company’s product roadmap. Discussions with partners revealed a growing number of projects in the pipeline, with enhanced efficiency in implementation through the use of AI.
Reilly also highlighted Twilio’s strategic positioning for increased cross-selling opportunities, particularly with the new partnership with Microsoft, which is expected to boost platform usage. He remains optimistic about Twilio’s valuation and the conservative revenue assumptions for the second half of the year. Consequently, he maintains Twilio shares as a Conviction Pick for 2025, reflecting his confidence in the company’s future growth prospects.
In another report released yesterday, Mizuho Securities also reiterated a Buy rating on the stock with a $140.00 price target.