UBS analyst Taylor McGinnis lowered the firm’s price target on Twilio (TWLO) to $135 from $150 and keeps a Buy rating on the shares. Twilio’s Q2 results met or modestly exceeded expectations, but the A2P fees weighing on reported gross margins “complicated” results, the analyst tells investors in a research note. UBS believes Twilio may become a “show me” story in the near-term.
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