Twilio price target raised to $210 from $185 at Citizens

Citizens raised the firm’s price target on Twilio (TWLO) to $210 from $185 and keeps an Outperform rating on the shares. Twilio delivered a strong Q1beat with accelerating organic growth and improved earnings, and while carrier fee headwinds weighed slightly on margins, its multi-product strategy and expanding customer demand support a positive outlook and potential for capital appreciation, the analyst tells investors in a research note.