Twilio price target raised to $235 from $200 at Oppenheimer

Oppenheimer analyst Ittai Kidron raised the firm’s price target on Twilio (TWLO) to $235 from $200 and keeps an Outperform rating on the shares. The firm comes away from investor meetings with Twilio’s management positive on the company’s positioning and ability to sustain strong performance. Twilio’s capitalizing on a differentiated communications/customer engagement platform that’s now fully integrated via its new Twilio Console, which is seeing encouraging early signs of adoption, improves self-serve engagement, and sets the stage for strong cross-sell/multi-product adoption, Oppenheimer adds.