HERE'S WHAT WALL STREET IS SAYING ABOUT $TWLO FOLLOWING INVESTOR DAY:

Oppenheimer (Outperform, PT: $160):
"We come away from Twilio’s Investor Day positive on its direction and more confident in its ability to accelerate growth. While management's vision isn't completely new, its actions (integration of Segment with Comm, more automation, AI enhancements, organizational realignment) are bringing the vision to reality at a time when the need for an efficient and compelling omni-channel customer experience is rising. These improvements, alongside operational efficiencies and a better sales motion, transfer execution gains to shareholders."

Baird (Outperform, PT: $160):
"Driven by pre-released Q4 upside and broad-based strength, we are more confident in Twilio's ability to sustain double-digit revenue growth and deliver upside to guidance. We expect the beat-and-raise cadence to continue, particularly with strengthening profitability, cash flow, and capital returns. Valuation remains reasonable given potential upside scenarios."

JMP Securities (Market Outperform, PT: $165):
"We maintain our Market Outperform rating on Twilio and increase our price target to $165 from $110 after attending the 2025 Investor Day in San Francisco, CA where the company disclosed better-than-expected preliminary Q4 results and a better-than-expected 2025 outlook which led the stock to increase 15% in the aftermarket."

Mizuho (Outperform, PT: $150):
"TWLO Investor Day depicted the Twilio 2.0 story that emphasizes the focus on innovation and driving double-digit revenue growth after achieving operating-model turnaround. Management signaled for double-digit revenue growth while achieving 10% growth in 2H 2024."

Piper Sandler (Overweight, PT: $142):
"After the market close, Twilio hosted its first analyst day since Nov-2022, which has sent shares higher AH given a positive pre-announcement, 2025-2027 FCF estimates moving higher, and mgmt. exuding confidence around high-single-digit sustainable growth that is clearly being helped by the mix shift towards ISVs, cross-sell, and self-serve."

Barclays (Equalweight, PT: $120)
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