What's Going On With Twilio Stock?
Portfolio Pulse from Ryan Gustafson
Twilio Inc. (NYSE:TWLO) shares traded higher on above-average volume amid positive analyst coverage from Morgan Stanley. The analyst maintained an Overweight rating and raised the price target from $65 to $75. This comes after Piper Sandler analyst downgraded Twilio from Overweight to Neutral but raised his price target from $56 to $71. Twilio is set to report Q2 financial results on Aug. 8, with expected earnings per share of 30 cents and revenue of $985.93 million.
July 19, 2023 | 10:03 pm
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Twilio's stock traded higher following positive analyst coverage from Morgan Stanley. The price target was raised from $65 to $75, indicating potential upside. Twilio is set to report Q2 results on Aug. 8.
The positive analyst coverage from Morgan Stanley and the raised price target suggest a bullish outlook for Twilio. The upcoming Q2 results could further influence the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100