Jefferies Maintains Hold on Twilio, Raises Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Samad Samana maintains a Hold rating on Twilio (NYSE:TWLO) and raises the price target from $60 to $85.
October 31, 2024 | 2:27 pm
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Jefferies analyst Samad Samana maintains a Hold rating on Twilio and raises the price target from $60 to $85, indicating a more optimistic outlook.
The increase in price target from $60 to $85 suggests a more positive outlook on Twilio's future performance, which could lead to a short-term positive impact on the stock price. However, the Hold rating indicates that the analyst does not see a strong buy opportunity, which tempers the potential impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100