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Fly News Breaks for August 13, 2018
TWLO
Aug 13, 2018 | 17:27 EDT
MUFG analyst Stephen Bersey raised his price target on Twilio to $82 and kept his Overweight rating after its Q2 results, saying the demand for the company's core messaging products and newer platform solutions led to a growth rate of 137%. The analyst notes that Twilio will further benefit from the rollout of Flex and the continued strength of its core messaging products, adding that it can continue to win new customers and drive existing customer expansions for the foreseeable future.
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