Twilio Inc TWLO provided preliminary financial results for the fourth quarter on Thursday.
After the market close on Thursday, Twilio introduced new financial expectations in a regulatory filing. The company said it now expects fourth-quarter revenue growth of approximately 11% year-over-year, up from prior guidance of 7% to 8%.
Twilio said it now expects adjusted income from operations for the fourth quarter to be above the top end of its prior guidance of $185 million to $195 million. The company also anticipates positive GAAP income from operations in the fourth quarter.
Twilio shares gained 0.7% to close at $113.40 on Thursday.
These analysts made changes to their price targets on Twilio following the announcement.
- Baird analyst William Power upgraded Twilio from Neutral to Outperform and raised the price target from $115 to $160.
- JP Morgan analyst Mark Murphy maintained Twilio with an Overweight and raised the price target from $83 to $130.
Considering buying TWLO stock? Here’s what analysts think:
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