Twilio (TWLO) PT Raised to $165 at Needham

Needham analyst Ryan Koontz raised the price target on Twilio (NYSE: TWLO) to $165.00 (from $91.00) while maintaining a Buy rating.

The analyst comments "We attended the TWLO investor day in San Francisco on Jan. 23rd. Along with a deep dive into recent product innovation, the company updated its medium-term financial targets which paint a picture of re-accelerating revenue and increasingly profitable growth and FCF. The presentation was refreshingly transparent, which we believe will drive investor confidence in the story after several years of uncertainty. While guiding for 7-8% sustained growth, management sees DD% growth as achievable. We view the company's updated target operating model, new AI initiatives, GTM transformation, and 4Q preliminary results as catalysts that should drive upside to new increased estimates and the stock correspondingly higher. We maintain our Buy rating, raise our PT to $165, and increase estimates to reflect what we see as a promising growth story."

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