Twilio price target raised to $154 from $152 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Twilio (TWLO) to $154 from $152 and keeps an Overweight rating on the shares. The Q3 report boosts the firm’s confidence in the durability of double-digit growth with stabilizing gross margins as go-to-market and portfolio investments bear fruit, the analyst tells investors in a post-earnings note.