RBC Capital Downgrades Twilio to Underperform, Lowers Price Target to $50
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Rishi Jaluria has downgraded Twilio (NYSE:TWLO) from Sector Perform to Underperform and lowered the price target from $55 to $50.
July 24, 2023 | 10:05 am
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Twilio's rating has been downgraded to Underperform by RBC Capital, with a reduced price target of $50.
The downgrade from RBC Capital is likely to negatively impact Twilio's stock price in the short term. The lowered price target suggests that the analyst sees less upside potential in the stock, which could lead to selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100