Twilio price target raised to $225 from $190 at BofA

BofA analyst Koji Ikeda raised the firm’s price target on Twilio (TWLO) to $225 from $190 and keeps a Buy rating on the shares. Twilio reported strong Q1 results with the “key growth metric,” gross profit dollar growth, accelerating to 16% year-over-year from 10% in Q4, the analyst tells investors. The firm thinks the results are supportive of its long-term bullish view that Twilio will be “a key infrastructure layer for future AI experiences,” the analyst tells investors.