Twilio Stock Falls on Piper Sandler Downgrade
<p><a href='https://financialmodelingprep.com/financial-summary/TWLO'>Twilio (NYSE:TWLO)</a> stock price dropped by more than 2% intra-day today following a downgrade by Piper Sandler. The downgrade was based on the expectation of messy sales and limited growth potential. The analysts lowered the rating from Overweight to Neutral but raised the price target to $71 from $56. </p>
<p>According to analysts, although Twilio is experiencing more stability compared to previous quarters due to a decline in crypto and other obstacles, there is still uncertainty in the macro-environment and recent divestitures that will lead to challenges in meeting high sales estimates. Additionally, Twilio's management team has already taken internal measures to improve performance, including a reduction of the workforce by over 25%, divesting underperforming divisions, and addressing go-to-market and structural issues.</p>

NYSE:TWLO