Twilio
stock was falling Monday after a Jefferies analyst cited three reasons why he has lost confidence in the cloud-based software provider over the near-term.
Analyst Samad Samana downgraded shares of
Twilio
(ticker: TWLO) to Hold from Buy and slashed his 12-month price target to $50 from $110. Samana cited macro headwinds, concerns over the success of the company’s software business, and an unattractive risk/reward for investors as reasons for the downgrade.
Source: https://www.barrons.com/articles/twilio-stock-analyst-rating-jefferies-51669663734?siteid=yhoof2&yptr=yahoo
Twilio Stock Has Been Hammered. 3 Reasons It Could Fall Even More.
Twilio
stock was falling Monday after a Jefferies analyst cited three reasons why he has lost confidence in the cloud-based software provider over the near-term.
Analyst Samad Samana downgraded shares of
Twilio
(ticker: TWLO) to Hold from Buy and slashed his 12-month price target to $50 from $110. Samana cited macro headwinds, concerns over the success of the company’s software business, and an unattractive risk/reward for investors as reasons for the downgrade.
Source: https://www.barrons.com/articles/twilio-stock-analyst-rating-jefferies-51669663734?siteid=yhoof2&yptr=yahoo