Twilio upgraded by Bank of America on AI-driven growth outlook

Bank of America has upgraded Twilio Inc. (NYSE:TWLO) to ‘Buy’ from ‘Underperform’, increasing its price objective to $190 from $110. This upgrade is based on improving fundamentals and a strong growth outlook driven by AI, with Twilio being seen as a crucial infrastructure layer for emerging AI applications, especially in voice and messaging. The bank anticipates accelerating gross profit growth and expanding free cash flow margins, further supported by upcoming quarterly earnings and the annual Signal customer event.

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