Twilio shares are trading lower after RBC Capital downgraded the stock from Sector Perform to Underperform and lowered its price target from $55 to $50.
Portfolio Pulse from Benzinga Newsdesk
RBC Capital has downgraded Twilio's stock from Sector Perform to Underperform and reduced its price target from $55 to $50. This has resulted in Twilio shares trading lower.
July 24, 2023 | 2:36 pm
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NEGATIVE IMPACT
Twilio's stock has been downgraded by RBC Capital, leading to a decrease in its share price.
The downgrade by RBC Capital from Sector Perform to Underperform and the reduction in price target from $55 to $50 has negatively impacted investor sentiment, leading to a decrease in Twilio's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100