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Fly News Breaks for May 9, 2018
TWLO
May 9, 2018 | 07:22 EDT
Canacccord analyst Richard Davis raised his price target on Twilio to $52 from $38 following strong Q1 results. The analyst said it reflects the fact that 2019 growth appears to be on track to be higher than the roughly 23% consensus. He believes guidance was conservative and the company has many tools and cases to help its growth. Davis reiterated his Buy rating on Twilio shares.
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