BUZZ-Twilio falls after Q4 earnings miss

Twilio's TWLO.N shares drop ~15% to $126.04 after the software firm reported quarterly profit that missed analysts' estimates

Stock on track for lowest close since January 23 and biggest daily pct decline since February 2024

TWLO reported after the bell on Thursday adj EPS of $1, slightly lower than Street estimate of $1.04; rev rose 11% to $1.19 billion, in line with estimate of $1.18 billion, per data compiled by LSEG

Multiple analysts, including from Jefferies, Piper Sandler, Wells Fargo, UBS and Mizuho, raised their PT on TWLO notwithstanding its result

Among 30 analysts covering TWLO, their avg rating is "buy"; with median PT of $145, up from $91 a month ago

"Twilio is evolving from a CPaaS (communications platform-as-a-service) vendor to a broader customer engagement platform solution provider, positioning the company to integrate communications software with API-built CRM solutions across service (flex), marketing (engage) and sales (frontline), all powered by its leading customer data platform (segment)," TD analysts led by Derrick Wood wrote in an investor note

TWLO is up 17.8% YTD vs NASDAQ Composite Index's .IXIC 3.4% increase