JMP Securities analyst Patrick Walravens raised his price target on Twilio (TWLO) to $120 from $89 after the closing of the company's acquisition of SendGrid (SEND) and after attending the Micromobility Conference, which Twilio helped sponsor. He increased his estimates on Twilio's core business to reflect the closing of the SendGrid transaction. Walravens also said after attending the event that Twilio's programmable wireless solution "seems to be dominating" the electric lightweight vehicles sector, which the event organizers said is experiencing the "fastest technology adoption in history." Walravens keeps an Outperform rating on Twilio shares.