Twilio price target raised to $132 from $122 at Jefferies

Jefferies analyst Samad Samana raised the firm’s price target on Twilio (TWLO) to $132 from $122 and keeps a Hold rating on the shares. The investor debate for Twilio has centered around whether growth can accelerate against tough second half of the year comparisons, whether gross margins will rebound, and if healthy EBIT beats are sustainable, the analyst tells investors in a research note. Jefferies leans on the positive side and sees growth acceleration as achievable, “making for a good tactical setup” in the shares. However, the firm does not think the most bullish assumptions are achievable.