Twilio shares surge 20% on AI-driven growth
Twilio’s cloud communications platform is capitalizing on the AI opportunity, with shares surging 20% during pre-market trading.
The company’s platform is capturing gains as an agnostic communications infrastructure with accelerating organic growth driven by AI adoption and increased cross-selling opportunities.
Morgan Stanley retained its Overweight rating and increased its price target to $261 from $200, citing growth momentum and product improvements.