10 AI News and Ratings Shaking Up Wall Street

6. Twilio Inc. (NYSE:TWLO)

Number of Hedge Fund Holders: 52

Twilio Inc. (NYSE:TWLO) provides customer engagement platform solutions and software solutions for communications between customers and end users. Needham analyst Ryan Koontz raised the stock’s price target to $165.00 from $91.00 on January 28th while maintaining a buy rating. The upgrade comes on the company delivering solid quarterly results and issuing guidance that affirms double-digit percentage growth.

According to the analyst, artificial intelligence initiatives, GTM transformation, and 4Q preliminary results are catalysts that should drive growth. Adding more automation and AI enhancements are some factors that should accelerate Twilio’s path toward double-digit revenue growth. The remarks come on Twilio Inc. (NYSE:TWLO) reiterating that a growing number of companies in the artificial intelligence space are using its services, with over 9,000 relying on them as of the end of last year.