Twilio shares are trading higher after Piper Sandler upgraded the stock from Neutral to Overweight and raised its price target from $75 to $82.
Portfolio Pulse from Benzinga Newsdesk
Twilio Inc. shares have risen following an upgrade by Piper Sandler from Neutral to Overweight, with an increased price target from $75 to $82.
January 12, 2024 | 3:06 pm
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POSITIVE IMPACT
Twilio's stock is expected to experience a positive short term impact due to Piper Sandler's upgrade and raised price target.
Analyst upgrades typically lead to a positive short term reaction in a stock's price as market sentiment improves. The increase in price target further bolsters investor confidence, suggesting a higher valuation and potential for growth.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100