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Fly News Breaks for September 4, 2018
TWLO
Sep 4, 2018 | 07:52 EDT
After hosting a Q&A session with Twilio COO George Hu, JMP Securities analyst Patrick Walravens raised his price target on the stock to $86 from $76, stating that he clearly articulated his strategies for managing Twilio's growth. Hu believes Twilio has a "massive competitive advantage" in the Programmable Communications Cloud segment, which he sees as "still super healthy," Walravens noted. The analyst keeps an Outperform rating on Twilio shares.
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