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Why Twilio Stock Jumped 5.8% Today

TheMotleyFool

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Shares of Twilio (NYSE: TWLO) rose as much as 5.8% on Wednesday, goosed by another bullish analyst note.

Rosenblatt analyst Ryan Koontz raised his price target on Twilio's stock from $150 to $235 per share, without changing the stock's "neutral" rating. In other words, Koontz expects Twilio's share prices to rise about as fast as the broader market in the near term, and it was time to update the price target to reflect rising stock prices.

Image source: Getty Images.

Source Fool.com

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