Read Why Barclays Sees 37 Percent Upside in Twilio

The Barclays bank headquarters is pictured in Canary Wharf in east London, on July 3. Carl Court/AFP/GettyImages

Barclays analyst Ryan MacWilliams upgraded Twilio Inc (TWLO) to Overweight from Equal Weight with an unchanged price target of $375, implying 36.5 percent upside.

The analyst likes the stock setup in fiscal 2022 “on easier compares.”