Twilio: Analyst Day Could Be a Catalyst

© Reuters. By Senad Karaahmetovic  UBS analysts reiterated a Buy rating on Twilio (NYSE:) shares and believe the upcoming Analyst Day could act as a catalyst to re-rate shares higher. Still, the analysts lowered the price target by almost 50% to $94 per share to reflect lowered multiples and revised estimates. The analysts note that checks … Read more

Twilio to Cut Nearly 11% of Workforce in Restructuring Plan By

© Reuters By Sam Boughedda In a filing Wednesday, Twilio (NYSE:) said it plans to cut its workforce by nearly 11% in a restructuring effort. The cloud communications platform said the restructuring plan is designed to reduce operating costs, improve operating margins, and shift the company’s selling capacity to accelerate software sales. As a result … Read more

Twilio and Zoom Well-Positioned – KeyBanc By

© Reuters. By Sam Boughedda KeyBanc Capital Markets analysts resumed coverage of 15 names in the broader Infrastructure Software group associated with digital automation, collaboration, customer engagement, and related digital agencies on Tuesday, including Twilio (NYSE:) and Zoom (NASDAQ:). Twilio was resumed with an Overweight rating and a $96 price target. “Leveraging messaging platform leadership, … Read more