Twilio (TWLO) Analyst Day Preview - Cowen

Cowen analyst J. Derrick Wood reiterated an Outperform rating and $310.00 price target on Twilio (NYSE: TWLO) ahead of the company's first analyst day in ~3 yrs on Oct 1st (at the annual Signal
conference).

The analyst stated "We expect mgmt to provide an updated in-depth look into the strategic vision of the platform and TAM around Cloud Communications and Customer Engagement, and we hope to get some updates on various key metrics such as 1) App Services revenue; 2) customer/vertical exposure; 3) product margin structure; and 4) growth trends in the developer ecosystem (a strong and underappreciated asset). While we think the qtr is once again experiencing strong growth tailwinds, we don't anticipate the co. to speak specifically to 3Q given the qtr will have just closed and there is also a lot of focus on the conference".

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 $232.00 yesterday.

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