Mizuho Securities Starts Twilio (TWLO) at Buy

Mizuho Securities analyst Siti Panigrahi initiates coverage on Twilio (NYSE: TWLO) with a Buy rating and a price target of $125.00.

The analyst commented, "Twilio, being a pioneer of the CPaaS market, has been moving up the stack from voice/SMS APIs and disrupting legacy communication vendors. We expect the company to sustain robust growth, benefiting from the API economy and adoption of cloud contact centers. With a differentiated technology, a breadth of products, a large TAM, robust growth, and room to expand margins, TWLO remains attractive at current levels."

For an analyst ratings summary and ratings history on Twilio click here. For more ratings news on Twilio click here.

Shares of Twilio closed at $95.89 yesterday.

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