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Fly News Breaks for February 6, 2020
TWLO
Feb 6, 2020 | 09:26 EDT
DA Davidson analyst Rishi Jaluria raised his price target on Twilio to $140 and kept his Buy rating after its "solid" Q4 results, even though the investment-driven 2020 guidance miss saw shares trade down 6% afterhours. The analyst contends however that the ramp in investment is a positive, though he would also like to see the company operate at free-cash-flow positive levels with revenue of over $1B.
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