Twilio price target raised to $122 from $108 at Jefferies

Jefferies raised the firm’s price target on Twilio (TWLO) to $122 from $108 and keeps a Hold rating on the shares following a Q1 report that the firm calls a “positive outlier” in an otherwise choppy macro backdrop. Management was clear they are not seeing any macro-related disruption, but “prudently” only flowed through two-thirds of the Q1 revenue beat into the FY25 guidance, says the analyst, who sees the stability as evidence Twilio’s core use cases “may be more defensive than it gets credit for.”