Needham Maintains Buy on Twilio, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Ryan Koontz has maintained a 'Buy' rating on Twilio (NYSE:TWLO) but lowered the price target from $75 to $70.
November 09, 2023 | 12:26 pm
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Twilio's price target has been lowered from $75 to $70 by Needham, though the 'Buy' rating is maintained.
The lowering of the price target could potentially indicate a less optimistic outlook for the company's stock in the short term. However, the maintained 'Buy' rating suggests that the analyst still sees potential upside, which could balance out any negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100