What's Going On With Twilio Shares Monday?
Portfolio Pulse from Erica Kollmann
Twilio Inc. (NYSE:TWLO) shares are down following a downgrade from RBC Capital analyst Rishi Jaluria from Sector Perform to Underperform, with a lowered price target from $55 to $50. The tech sector is experiencing a downturn, with Netflix (NASDAQ:NFLX) and Tesla (NASDAQ:TSLA) also trading lower after their quarterly reports. Twilio's Q2 2023 results will be released on Aug. 8.
July 24, 2023 | 2:33 pm
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NEGATIVE IMPACT
Netflix shares are trading lower, contributing to a downturn in the tech sector.
The lower trading of Netflix shares, along with other tech stocks, indicates a downturn in the tech sector which could negatively impact investor sentiment and lead to a decrease in the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Tesla shares are trading lower, contributing to a downturn in the tech sector.
The lower trading of Tesla shares, along with other tech stocks, indicates a downturn in the tech sector which could negatively impact investor sentiment and lead to a decrease in the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Twilio shares are down following a downgrade from RBC Capital and a lowered price target. The company's Q2 2023 results will be released on Aug. 8.
The downgrade from RBC Capital and the lowered price target are likely to negatively impact investor sentiment, leading to a decrease in the stock price. The upcoming Q2 2023 results could further impact the stock depending on the performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100