Why Twilio Stock Popped on Friday

2021 was a rough year for cloud communications software provider Twilio (NYSE: TWLO); shares are down 50% in 52 weeks. But 2022 could be a bit better.

At least, that's what Bank of America (BofA) thinks. This morning, the megabank announced it's resuming coverage of Twilio stock with a buy rating and a $250 price target. As of 3:50 p.m. ET, Twilio stock is up 6.3%.

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Source Fool.com