Twilio
Shares plummeted Wednesday after being downgraded twice by BofA Global Research. Analyst Michael Funk downgraded his rating on the cloud-based software company to Underperforming from Buy, with a new price target of $80, down from $175.
Funk cites three reasons for its presence on Twilio (ticker: TWLO), which provides tools to help companies communicate with customers via text, email, voice, and video.
