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Fly News Breaks for May 1, 2019
TWLO
May 1, 2019 | 06:09 EDT
Piper Jaffray analyst Alex Zukin raised his price target for Twilio to $150 from $135 saying the company last night posted a "strong" quarter, highlighted by organic revenue growth of over 60% year-over-year and a net expansion rate of 146%. The analyst adds that while while in-quarter beats are starting to contract, he still sees "meaningful" upside relative to consensus expectations through fiscal 2020. Zukin reiterates an Overweight rating on the shares.
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