Twilio
stock was falling Monday following a Jefferies analyst cited three factors why he has misplaced assurance in the cloud-based mostly program provider above the near-time period.
Analyst Samad Samana downgraded shares of
Twilio
(ticker: TWLO) to Maintain from Obtain and slashed his 12-thirty day period value concentrate on to $50 from $110. Samana cited macro headwinds, concerns about the achievement of the company’s software business enterprise, and an unattractive chance/reward for traders as motives for the downgrade.
Twilio
stock was falling Monday following a Jefferies analyst cited three factors why he has misplaced assurance in the cloud-based mostly program provider above the near-time period.
Analyst Samad Samana downgraded shares of
Twilio
(ticker: TWLO) to Maintain from Obtain and slashed his 12-thirty day period value concentrate on to $50 from $110. Samana cited macro headwinds, concerns about the achievement of the company’s software business enterprise, and an unattractive chance/reward for traders as motives for the downgrade.
