Rosenblatt analyst Catherine Trebnick raised the price target on Twilio (NYSE: TWLO) to $210.00 (from $180.00) while maintaining a Buy rating.

The analyst comments "Twilio reported a standout Q1 with a clean top and bottom-line beat, visible demand re-acceleration, and another step‑up in profitability, further reinforcing the transition from tactical CPaaS vendor to foundational AI-era customer engagement infrastructure. Revenue grew 20% Y/Y (16% organic) to $1.41B, the fastest reported and organic growth in more than three years, driven by broad‑based strength across Voice, Messaging, and software add-ons, alongside >25% growth in ISV and self-serve revenue. Management raised FY26 guidance across revenue, organic growth, Non‑GAAP operating income, and free cash flow. We see Q1 as an important proof point that Twilio can sustain high single-to-low double-digit organic growth while expanding profit dollars, with AI acting as an incremental catalyst rather than a requirement for the story to work. Following the report, the stock rose ~18% in the aftermarket. As such, we are maintaining our Buy rating and raising our PT to $210 (previously $180), which is based on 5x EV/CY27 Sales and represents a premium to competitors trading at 3x EV/CY27 Sales. We continue to believe that Twilio is deserving of this premium based on the successful evolution into a foundational AI infrastructure platform and the untapped potential within its existing customer base."