Needham raised the firm’s price target on Twilio (TWLO) to $145 from $125 and keeps a Buy rating on the shares. The company reported very strong Q3 results with organic growth of 13% in the quarter, which led to increasing the FY25 organic growth guide to 11.3%-11.5% vs. prior guidance of 9-10%, the analyst tells investors in a research note. This outperformance was based on broad based strength across customers segments of self-serve and enterprise, geographies including international messaging, and products with strong growth in messaging and software add-ons, the firm added.
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