Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Twilio Stock Fell Hard Today

TheMotleyFool

0 0

Why Twilio Stock Fell Hard TodayPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, sunset photo at golden hour, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/7835e381-fcae-4834-ba93-4708292dc055.png

Shares of Twilio (NYSE: TWLO), a cloud-based communications software company, sank today after an analyst downgraded the company's stock and cut his price target for Twilio's shares by more than half.

Twilio will report its third-quarter results after the bell tomorrow, but investors weren't waiting around for it. The tech stock was down 7.5% as of 3 p.m. ET.

Bank of America analyst Michael Funk, who was previously bullish on Twilio, downgraded the company's stock rating to underperform and cut the price target for the stock to $85, a 51% decrease from the previous price target of $175.

Source Fool.com

Like: 0

TWLO

Share