TD Cowen Maintains Market Perform on Twilio, Lowers Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst J. Derrick Wood maintains a Market Perform rating on Twilio (TWLO) and lowers the price target from $72 to $65.
March 06, 2024 | 6:15 pm
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NEGATIVE IMPACT
TD Cowen maintains a Market Perform rating on Twilio and lowers the price target from $72 to $65.
The reduction in the price target by TD Cowen suggests a bearish outlook on Twilio's short-term price potential, likely due to anticipated challenges or underperformance relative to the market. This adjustment could lead to negative investor sentiment and a potential decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100