BUZZ-Twilio rises as Morgan Stanley upgrades to 'overweight'

Cloud communications platform Twilio's TWLO.N shares gain 3.67% to $118.50 premarket

Morgan Stanley upgrades rating on stock to "overweight" from "equal-weight"; raises PT to $160 from $144, implying upside of ~40% to stock's last close of $114.31

MS notes positive feedback from partners and customers, highlighting Twilio's platform differentiation and improved go-to-market strategies

Brokerage expects co to hit its margin targets a year early due to revenue growth, efficiency gains and AI use, while seeing more upside if AI adoption speeds up

TWLO reported Q4 earnings after the bell last Thursday, missing Wall St estimates, after beating estimates for the previous three consecutive quarters

Stock rated "buy" on avg; median PT is $155 - data compiled from LSEG

TWLO up 5.76% so far this year, as of Friday's close