JPMorgan Upgrades Twilio With $465 Target On 'Company-Specific Tailwinds'

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JPMorgan analyst Mark Murphy upgraded Twilio (TWLO) to Overweight from Neutral with a price target of $465, up from $300.

The analyst sees "company-specific tailwinds propelling the business" in 2021, including a strengthening enterprise presence with more CEOs looking to Twilio as a strategic partner for customer engagement, rather than just a communications layer.

The company's elevated enterprise presence, an eventual improvement in COVID-impacted sectors, increasing adoption of two-way messaging, segment acquisition synergies, and early traction with newer products should drive "solid growth-at-scale," Murphy tells investors in a research note.


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