Piper Sandler Downgrades Twilio to Neutral, Raises Price Target to $71
Portfolio Pulse from richadhand@benzinga.com
Piper Sandler analyst James Fish has downgraded Twilio (NYSE:TWLO) from Overweight to Neutral, while raising the price target from $56 to $71.
July 17, 2023 | 9:14 am
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NEUTRAL IMPACT
Twilio's stock has been downgraded to Neutral from Overweight by Piper Sandler, but the price target has been raised from $56 to $71.
The downgrade to Neutral suggests that the analyst sees limited upside potential for Twilio's stock in the near term. However, the increase in the price target from $56 to $71 indicates that the analyst still sees some long-term value in the stock. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100