Twilio Stock Is Trading Lower Wednesday: What's Going On?
Portfolio Pulse from Adam Eckert
Twilio Inc (NYSE:TWLO) shares dropped after reporting Q1 financial results and providing weaker Q2 guidance than expected. Despite beating Q1 revenue and earnings estimates, the company's Q2 revenue forecast falls short of analyst expectations. Twilio's CEO emphasized ongoing financial discipline and innovation, aiming for re-accelerated growth. Baird analyst William Power maintained a Neutral rating on Twilio but lowered the price target from $70 to $65.
May 08, 2024 | 12:44 pm
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Twilio Inc shares declined following Q1 earnings beat but disappointing Q2 guidance. Despite positive performance, the outlook remains cautious with a revised lower price target by Baird.
Twilio's stock price drop is directly related to its Q2 guidance falling short of analyst expectations, despite a strong Q1 performance. The adjustment of the price target by Baird reflects market sentiment and could influence investor confidence, likely leading to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100