Fly News Breaks for October 31, 2019
Oct 31, 2019 | 09:32 EDT
Needham analyst Richard Valera lowered his price target on Twilio to $125, saying that while the company beat on Q3 earnings, its FY19 guidance cut was a "shock". The analyst notes that Twilio saw "sharp" moderations in growth over the past 2 quarters, but still keeps his Buy rating on the stock longer term given its position as a "category leader" in a multi-billion dollar market with "nascent" total addressable market expansion potential.
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