Analysts are Downgrading These 5 Stocks

2. Twilio Inc. (NYSE:TWLO)

Number of Hedge Fund Holders: 58

Shares of Twilio Inc. (NYSE:TWLO) slipped over two percent in mid-day trading Monday after Jefferies lowered its ratings for the digital communications platform from “Buy” to “Hold,” citing persistent near-term growth challenges. The research firm also cut its price target for Twilio stock from $110 per share to $50 per share.

Twilio Inc. (NYSE:TWLO) reported better-than-expected results for Q3 earlier this month. However, investors seemed disappointed with its soft sales outlook for the current quarter. The company projected revenue of $995 – $1.005 billion for Q4, below analysts’ average estimate of $1.07 billion.

Separately, investment management firm RiverPark Funds discussed Twilio Inc. (NYSE:TWLO) in its second-quarter 2022 investor letter, stating:

Twilio Inc. (NYSE:TWLO) offers a full suite of cloud-based communications software, services and tools that allows companies in a wide range of businesses to build omni-channel communications capabilities (video, chat, voice, SMS, fax and email) directly into their customer facing applications without needing to build back-end infrastructure and interfaces. The company also …” (Click Here to read the full text)

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