Business

Twilio stock has been forged. 3 reasons it can drop even more



Twilio

Shares fell on Monday after a Jefferies analyst cited three reasons for his loss of confidence in the cloud-based software provider in the near term.

Analyst Samad Samana downgraded

Twilio

(ticker: TWLO) to Hold from Buy and lowered my 12-month price target to $50 from $110. Samana cited macro setbacks, concerns about the success of the company’s software business, and an unattractive risk/reward to investors as reasons for their downgrade.

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