Twilio price target raised to $210 from $180 at Rosenblatt

Rosenblatt raised the firm’s price target on Twilio (TWLO) to $210 from $180 and keeps a Buy rating on the shares following what the firm calls “a standout Q1 with a clean top and bottom-line beat, visible demand re-acceleration, and another step-up in profitability.” Revenue grew 20% year-over-year to $1.41B, and grew 16% organically, which was the fastest reported and organic growth in more than three years, the analyst noted.