Twilio rises as Morgan Stanley upgrades to 'overweight'

Twilio

24/02/2025 12:16

** Cloud communications platform Twilio's  TWLO.N  shares
gain 3.67% to $118.50 premarket
    ** Morgan Stanley upgrades rating on stock to "overweight"
from "equal-weight"; raises PT to $160 from $144, implying
upside of ~40% to stock's last close of $114.31
    ** MS notes positive feedback from partners and customers,
highlighting Twilio's platform differentiation and improved
go-to-market strategies
    ** Brokerage expects co to hit its margin targets a year
early due to revenue growth, efficiency gains and AI use, while
seeing more upside if AI adoption speeds up
    ** TWLO reported Q4 earnings after the bell last Thursday,
missing Wall St estimates, after beating estimates for the
previous three consecutive quarters
    ** Stock rated "buy" on avg; median PT is $155 - data
compiled from LSEG
    ** TWLO up 5.76% so far this year, as of Friday's close

 (Reporting by Rashika Singh in Bengaluru)
 ((rashika.singh@thomsonreuters.com))