Needham Just Slashed Its Price Target on Twilio (TWLO) Stock

Twilio (NYSE:TWLO) stock is on the move Thursday after the software and communications solutions company’s shares were hit with a price target cut by Needham.The price target for TWLO stock was reduced from $80 per share to $71 per share by Needham analysts. That represents a roughly 1.8% downside from its prior closing price. This also sets it below the analysts’ consensus price prediction of $71.36 per share.Needham isn’t the only firm whose analysts’ are souring on TWLO stock. Several others are also adj ...