Bank of America Upgrades Twilio to 'Buy' on AI-Driven Growth Outlook
Bank of America upgraded Twilio (NYSE:TWLO) to 'Buy' from 'Underperform' and raised its price target to $190, citing improved fundamentals and a stronger outlook tied to AI-driven communications. The upgrade is based on Twilio's potential as a key infrastructure layer for AI applications in voice and messaging, with expectations of growing gross profit and free cash flow margins.
Tickers: $TWLO
Topics: AI-driven growth analyst report Bank of America stock upgrade Twilio