Twilio Shares Rise on Positive Analyst Coverage from Morgan Stanley


  • Morgan Stanley’s analyst, Meta Marshall, maintained Twilio with an Overweight rating and raised the price target from $65 to $75.
  • Piper Sandler’s analyst, James Fish, downgraded Twilio from Overweight to Neutral but increased the price target from $56 to $71, citing limited upside based on earnings estimates.
  • Twilio’s trading volume on Wednesday reached 7.56 million shares, significantly higher than its 100-day average of approximately 4.8 million.

On Wednesday, shares of Twilio Inc. (TWLO) saw an increase in trading volume, trading higher than usual, following positive analyst coverage from Morgan Stanley. Meta Marshall, the analyst at Morgan Stanley, maintained an Overweight rating for Twilio and raised the price target from $65 to $75. This news came after Piper Sandler’s analyst James Fish downgraded Twilio from Overweight to Neutral earlier in the week, while simultaneously raising the price target from $56 to $71. Fish cited limited upside potential based on earnings estimates as the reason for the downgrade.

Twilio is set to announce its second-quarter financial results on August 8. Analysts are anticipating the company to report earnings per share of 30 cents and revenue of $985.93 million, according to Benzinga Pro. On Wednesday, the trading volume of Twilio reached 7.56 million shares, surpassing its 100-day average of approximately 4.8 million shares. The stock has performed well this year, up 38%, but it still lags behind its peak levels from 2021.

Overall, Twilio’s stock saw an uptick in activity due to contrasting analyst opinions from Morgan Stanley and Piper Sandler. Investors are now closely awaiting the company’s upcoming second-quarter financial report to gain further insights into its performance and potential future trajectory.

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