10 AI News Updates Making Waves on Wall Street

Page 4 of 10

7. Twilio Inc. (NYSE:TWLO)

Number of Hedge Fund Holders: 74

Twilio Inc. (NYSE:TWLO) is a leading cloud communications platform-as-a-service (CPaaS) company. On February 24, Morgan Stanley analyst Meta Marshall upgraded the stock to “Overweight” from Equal Weight with a price target of $160, up from $144. As evident from its recent channel checks, the firm stated that increased cross-selling has been responsible for Twilio’s execution toward double-digit growth and operating margin outperformance. The upgrade follows a recent sell-off of Twilio shares, around 20%, which the analyst said provides an attractive entry point.

After Twilio’s analyst day in January, the firm has also particularly acknowledged Twilio’s potential for growth and profitability. Conversation with a channel partner and customer has further highlighted how the company’s unique platform, improved go-to-market strategies in the second half of 2024, and the potential for new products and artificial intelligence to drive growth, have been the reason behind the firm’s optimism.

Page 4 of 10