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Fly News Breaks for February 13, 2019
TWLO
Feb 13, 2019 | 10:04 EDT
MUFG analyst Stephen Bersey said he thinks Twilio had a strong quarter, noting that demand for both its core messaging products and new platform solutions drove re-acceleration of the company's revenue growth rate to 77%. He also believes the acquisition of SendGrid adds a key messaging channel. The analyst, who added that he was pleased to learn Twilio is expanding international account coverage due to strong demand outside of the U.S., raised his price target on the stock to $121 from $87 and reiterates an Overweight rating on the shares.
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