BUZZ-Twilio gains on Q4 revenue forecast, PT raises after investor day optimism

Updates

Cloud communications platform Twilio's TWLO.N shares jump 22.7% to $139.11

At least 13 brokerages raise PT on the TWLO stock after co laid out growth strategy at investor day on Thursday

"We walk away from the event incrementally constructive on Twilio's prospects for sustained profitable growth, with emerging optimism over gradual growth acceleration" - J.P. Morgan

Co says it expects Q4 rev. growth of about 11% YoY, above estimates of 8.9%, according to data compiled by LSEG

TWLO forecasts adj. operating margins between 21% and 22% in 2027; expects $3 bln of cumulative free cash flow over the next three years

Morgan Stanley says TWLO's profitability commitment and preliminary Q4 results were better than expected; says co seems focused on the cross-sell that could be "most successful"

Eighteen brokerages rate the stock "buy" or higher, 10 "hold" and 3 "sell"; their median PT is $120, compared with $90 a month ago - LSEG

TWLO has risen ~53% in the past 12 months