Twilio Inc (NYSE: TWLO) shares tanked in early trading on Thursday, even after the company reported upbeat results for its fourth quarter.
The results, which included Twilio not releasing a full-year outlook, saying it would provide the forecast in March, were announced amid an exciting earnings season.
Here are some key analyst takeaways from the release.
Needham On Twilio
Analyst Ryan Koontz maintained a Buy rating while reducing the price target from $80 to $71.
Twilio reported its fourth-quarter revenues and earnings ahead of the consensus estimates on strong Communications revenue, Koontz said in a note. He added, however, that the company’s first-quarter guidance was “mixed.”
“Management did not guide F24 pending a strategic decision on Segment which is sure to raise investor concerns,” the analyst wrote. “We see weak F23 results from Segment of $290MM revenue and ($72MM) OI loss likely to result in a lower valuation for its divestiture, likely to a PE buyer,” he further stated.
Baird On Twilio
Analyst William Power reiterated a Neutral rating while raising the price target from $65 to $70.
Twilio reported “solid” quarterly results, with revenues of $1.076 billion and adjusted operating income of $172.6 million significantly ahead of expectations, Power stated. “Restated communications revenue grew 5% YOY and 8% organically with Segment revenue up 4%,” he added.
“TWLO announced that it is undertaking an operational ...