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Fly News Breaks for May 1, 2019
TWLO
May 1, 2019 | 06:47 EDT
JPMorgan analyst Mark Murphy raised his price target for Twilio to $150 from $125 saying the company started fiscal 2019 on a high note, "materially beating" across all key metrics and guiding revenue well above consensus. Revenue accelerated for the fifth consecutive quarter to 81% year-over-year growth, while gross margin expanded considerably to 58.5%, Murphy tells investors in a post-earnings research note. The results strengthens the analyst's conviction in Twilio as a top SMID-Cap pick.
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