Twilio Upgraded To Overweight From Neutral At Piper Sandler
Piper Sandler analyst Brent Bracelin upgraded Twilio (TWLO) to Overweight from Neutral with a price target of $225, up from $135.
New "data-driven insights" point to accelerating digital adoption trends in April and May across retail, healthcare, education, communications, and media that could offset the first full quarter impact in travel from COVID-19, Bracelin tells investors in a research note. As the largest digital engagement platform for 190,000 customers, Twilio is one of the best positioned digital beneficiaries for the next decade, says the analyst.
Bracelin believes "digital tailwinds" could help triple the company's revenue to $5B by 2025.
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