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Fly News Breaks for June 25, 2018
TWLO
Jun 25, 2018 | 06:16 EDT
Piper Jaffray analyst Alex Zukin initiated Twilio with an Overweight rating and $70 price target, telling investors in a research note that he views the stock as a "unique" and "highly-coveted asset" that has multiple courses to outperform the top line over the coming quarters and years. Zukin believes Twilio's core markets alone supports a $1B+ company by 2020, but also notes that his checks suggest the company "may well have a hit on its hands" with Flex, which could provide further upside to 2019 numbers and beyond.
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