Jefferies raised the firm’s price target on Twilio (TWLO) to $195 from $160 and keeps a Buy rating on the shares after a Q1 beat on total revenue, gross profit dollars and operating margin. The results “blew past a high bar, signaling that the AI thesis is playing out and showing that the core business is growing durably,” the analyst tells investors.
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- Twilio price target raised to $210 from $185 at Citizens
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- Twilio reports Q1 adjusted EPS $1.50, consensus $1.27
- Twilio sees Q2 adjusted EPS $1.27-$1.32, consensus $1.29
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