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Fly News Breaks for July 16, 2019
TWLO
Jul 16, 2019 | 09:47 EDT
JMP Securities analyst Patrick Walravens earlier today kept an Outperform rating and $160 price target on Twilio. While limited, checks with third parties suggest that low-level business development reps at Twilio continue to "have so many inbound leads" that they "can't keep up," and do not have to "do any outbound," Walravens wrote in a note to investors. He believes the company's "remarkable growth" reflects the strength of its developer-first business model and its "rapid ascent" to become the dominant cloud platform for communications.
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