Twilio (TWLO) PT Lowered to $110 at JMP Securities
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Go back to Twilio (TWLO) PT Lowered to $110 at JMP Securities
November 4, 2022 9:47 AM EDT
At least four brokerage firms cut their rating on Twilio (NYSE: TWLO) today after the company issued a weak Q4 guidance and held 2022 Analyst Day, which was described by analysts as disappointing.
Twilio reported a loss per share of $0.27 which is better than the average analyst estimate that called for a loss per share of $0.39. Revenue for the quarter came in at $983 million versus the consensus estimate of $973.34 million.
For this quarter, Twilio expects a loss per share between $0.16 and $0.11, worse than the consensus of a loss of $0.12 per share. Shares were... More
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
