Twilio gains after Mizuho raises PT, upgrades to 'outperform'

Twilio

08/01/2025 12:52

** Cloud communications platform Twilio's  TWLO.N  shares
rise 1.6% to $111.56 premarket
    ** Mizuho upgrades rating on stock to "outperform" from
"neutral" and raises PT to $140 from $85, implying an upside of
~27% to stock's last close
    ** "We believe that greater clarity on the drivers of the
top-line stabilization and acceleration opportunity, along with
a refreshed mid-term growth outlook, and margin and FCF upside,
will support share outperformance" - brokerage
    ** TWLO is gearing up for its investor day on Jan. 23;
brokerage expects management will discuss key growth vectors at
co's investor day, in addition to providing a refreshed mid-term
growth outlook
    ** 17 of 31 brokerages rate the stock "buy" or higher, 11
"hold" and 3 "sell," their median PT is $91 - data compiled by
LSEG
    ** TWLO stock had risen ~42% in 2024

 (Reporting by Jaspreet Singh in Bengaluru)
 ((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))