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Twilio price target lowered to $153 from $169 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Twilio (TWLO) to $153 from $169 and keeps an Overweight rating on the shares. Q4 beat organic revenue guidance by about 350 basis points on continued broad-based momentum across the business, says the analyst, who reads the report as “further validation” of the company’s ability to drive double-digit organic revenue growth while maintaining opex discipline.

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