Read Why Barclays Sees 37 Percent Upside in Twilio

By Benzinga
Benzinga
Benzinga
December 10, 2021 Updated: December 10, 2021

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.”

Twilio shares have approached a “more reasonable” valuation versus faster-growth peers since the Q3 earnings report, and investor concerns on its Q4 are “overly represented in shares,” MacWilliams tells investors in a research note.

He continues to view recent deceleration in organic growth as a product of challenging compares rather than an indication of market health.

Twilio is a communications platform-as-a-service company that allows software developers to integrate messaging and communications functionality into existing or new applications via application programming interfaces and software development kits.

By Anusuya Lahiri
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