Argus analyst Jim Kelleher raised his price target on Twilio to $125 after its Q4 earnings, saying that in spite of the strong results, the stock fell over 7% on lower than expected FY19 guidance. The analyst keeps his Buy rating however and says that the lower expected profitability is due to the company's investment in the long-term growth of its business, with "aggressive hiring" and expectations of revenue growth of over 70% this year. Kelleher adds that Twilio is positioned with a multiyear opportunity ahead in spite of an "exceptional" stock price run in 2018.