Twilio price target raised to $200 from $170 at Oppenheimer

Oppenheimer analyst Ittai Kidron raised the firm’s price target on Twilio (TWLO) to $200 from $170 and keeps an Outperform rating on the shares. The firm notes Twilio reported strong Q1 results ahead of expectations supported by broad-based strength across customer segments, products, and geographies. The strong results reinforce Oppenheimer’s confidence in management’s execution and the growing tailwind AI/cross-sell represents for consumption. Improvements to Twilio’s UX and back-office systems should further enhance the cross-sell motion and open new pricing/packaging opportunities, the firm adds.