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.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TWLO: