Twilio price target raised to $90 from $80 at BofA

BofA raised the firm’s price target on Twilio (TWLO) to $90 from $80 and keeps an Underperform rating on the shares. Following what it calls a “strong start to 2025,” the firm is rolling forward its multiple and accounts for stronger growth and profitability. Q1 results and commentary were “a clear step in the right direction,” but the firm continues to believe additional datapoints are necessary to support the view that high single digit revenue growth is sustainable over the medium-term, added the analyst, who updated the firm’s model for Q1 results and guidance.