Mizuho analyst Siti Panigrahi raised the price target on Twilio (NYSE: TWLO) to $165.00 (from $150.00) while maintaining a Outperform rating.

The analyst comments "We expect TWLO's 1Q26 results (reporting April 30 AMC) to reflect continued broad-based momentum, with organic revenue and gross profit growth further accelerating to levels not seen in several years. 2025 was an inflection year for the company, with management delivering across the board. We expect similar beat-and-raise in Q1, driven by strength across products and channels, while maintaining conservative guidance posture. All three major U.S. carriers have announced A2P fee increases, and are already incorporated in guidance. Disclosures around voice growth, which accelerated through 2025, and voice AI contributions specifically, should remain in focus as a key upside lever to mid-term growth. We view TWLO as critical infrastructure for the AI era, with secular tailwinds from agentic and voice AI adoption, and the positive revenue and profitability revision cycle remaining intact. Reiterate Outperform, raise PT to $165."