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Why Twilio Stock Soared Monday

TheMotleyFool

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Shares of Twilio (NYSE: TWLO), a provider of cloud-based communication tools and services for developers, jumped sharply on Monday. As of 2:45 p.m. EDT, the stock was up nearly 11%.

The growth stock's jump higher was fueled by an analyst's move to significantly increase her 12-month price target for the stock.

Image source: Getty Images.

Source Fool.com

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