The increase in price target by Wells Fargo suggests a positive outlook on Twilio's stock, which could lead to a short-term increase in its stock price. The Equal-Weight rating indicates that the analyst believes the stock is valued appropriately in the market, but the raised target implies an expectation of some growth. Investors may view this adjustment as a sign of confidence in the company's prospects, potentially driving short-term interest and an uptick in the stock price.