Twilio's Turnaround Story Is Underway, Analyst Turns Bullish And Boosts Price Forecast

Goldman Sachs analyst Kash Rangan upgraded the shares of Twilio Inc TWLO from Neutral to Buy and raised the price target from $77 to $185 ahead of its fourth-quarter earnings results.After several years of slower growth and strategic shifts, the analyst notes Twilio is now at a turning point, both in terms of its narrative and financial performance.Twilio’s significant cost-cutting efforts and ongoing efficiency initiatives are positioning the company for strong free cash flow generation.The analyst’s optim ...