Needham has decided to maintain its Buy rating of Twilio (NYSE:TWLO) and lower its price target from $350.00 to $200.00.
Shares of Twilio are trading down 3.58% over the last 24 hours, at $114.24 per share.
A move to $200.00 would account for a 75.07% increase from the current share price.
About Twilio
Twilio is a cloud-based communication platform-as-a-service company offering communication application programming interfaces, or APIs, and prebuilt solution applications aimed at improving customer engagement. Through these APIs, Twilio's platform allows software developers to integrate messaging, voice, and video functionality into new or existing business applications. The company leverages its Super Network, Twilio's global network of carrier relationships, to facilitate high speed cost-optimized global messaging and voice-based communications.
About Analyst Ratings
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
