Twilio Expands Customer Engagement Platform to Strengthen Digital Businesses in Face of Macroeconomic Headwinds

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RBC Capital Downgrades Twilio (TWLO) to Sector Perform

November 4, 2022 6:15 AM EDT

RBC Capital analyst Rishi Jaluria downgraded Twilio (NYSE: TWLO) from Outperform to Sector Perform with a price target of $55.00 (from $110.00).

The analyst comments "We are downgrading our rating on Twilio to Sector Perform from Outperform and reducing our price target to $55 from $110,... More