Twilio price target raised to $200 from $147 at Wells Fargo

Wells Fargo analyst Ryan MacWilliams raised the firm’s price target on Twilio (TWLO) to $200 from $147 and keeps an Overweight rating on the shares. The firm notes the company printed a strong Q1, underpinned by growth re-acceleration across channels and an increasingly positive outlook. Wells believes investors are likely to continue feeling comfortable here, with very little pushback to this set of results.