Twilio price target raised to $185 from $165 at Citizens

Citizens analyst Patrick Walravens raised the firm’s price target on Twilio (TWLO) to $185 from $165 and keeps an Outperform rating on the shares. The firm says its recent due diligence on the company yielded five positive and one negative data points. A sales executive at a private artificial intelligence company commented yesterday that “Voice is a hot topic,” suggesting a continuation of the trend Twilio noted in Q3 when it stated that its AI voice business saw 60% year-over-year customer growth, the analyst tells investors in a research note. Another industry source commented that business is very strong at a privately held Twilio partner, ElevenLabs, adds Citizens. The firm upped its 2025 and 2027 earnings estimates following its recent work.