Twilio (TWLO) PT Raised to $163 at DA Davidson
DA Davidson analyst Rishi Jaluria raised the price target on Twilio (NYSE: TWLO) to $163.00 (from $118.00) while maintaining a Buy rating.
Jaluria commented, "TWLO reported a strong beat-and-raise 1Q19, with improved gross margins and a 146% net expansion rate, leading shares up 3% AMC. More importantly, TWLO gave investors confidence around SendGrid and Flex, with good early interest and adoption for both growth drivers."