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Fly News Breaks for February 6, 2020
TWLO
Feb 6, 2020 | 06:13 EDT
Piper Sandler analyst Brent Bracelin raised his price target for Twilio to $151 from $145 saying the company closed out 2019 strong, punctuated by an $18M revenue beat on a 12% sequential revenue increase to $331M. The analyst, however, reduced his earning estimates after management signaled plans to elevate investments across multiple internal areas in order to sustain growth at $1B-plus scale. He maintains an Overweight rating on Twilio.
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