Needham lowered the firm’s price target on Twilio (TWLO) to $125 from $165 and keeps a Buy rating on the shares following a transfer of coverage. The firm also added Twilio to its Conviction List while removing Verint (VRNT). Twilio remains well positioned to execute against its fiscal 2027 financial targets recently outlined at the 2025 analyst day, the analyst tells investors in a research note. The firm believes the key to achieving its targets over the next several years includes maintaining its communications platform as a service leadership position, accelerating cross-sell, further optimization of operational activities, and driving new use cases with artificial intelligence.
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Read More on TWLO:
- Twilio’s Strategic Growth and Market Leadership: A Buy Recommendation by Joshua Reilly
- Cautious Outlook on Twilio Amid Macroeconomic Challenges and Revenue Growth Uncertainty
- TWLO Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- DA Davidson analysts hold an analyst/industry conference call
- Jefferies Predicts ‘Modest’ Revenue Growth for Twilio (TWLO) Ahead of Q1 Earnings
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