BUZZ-Twilio gains after Mizuho raises PT, upgrades to 'outperform'

** Cloud communications platform Twilio's TWLO.N shares rise 1.6% to $111.56 premarket

** Mizuho upgrades rating on stock to "outperform" from "neutral" and raises PT to $140 from $85, implying an upside of ~27% to stock's last close

** "We believe that greater clarity on the drivers of the top-line stabilization and acceleration opportunity, along with a refreshed mid-term growth outlook, and margin and FCF upside, will support share outperformance" - brokerage

** TWLO is gearing up for its investor day on Jan. 23; brokerage expects management will discuss key growth vectors at co's investor day, in addition to providing a refreshed mid-term growth outlook

** 17 of 31 brokerages rate the stock "buy" or higher, 11 "hold" and 3 "sell," their median PT is $91 - data compiled by LSEG

** TWLO stock had risen ~42% in 2024

(Reporting by Jaspreet Singh in Bengaluru)

((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))