Twilio Inc. (NYSE:TWLO) shares are moving on Monday. An analyst from RBC Capital downgraded TWLO from Sector Perform to Underperform and lowered the price target on the stock.
What To Know:
RBC Capital analyst Rishi Jaluria downgraded Twilio from Sector Perform to Underperform and lowered the TWLO price target from $55 to $50.
Shares of several tech stocks are trading lower amid weakness in Netflix (NASDAQ:NFLX) and Tesla (NASDAQ:TSLA), following the companies’ respective quarterly reports. TWLO shares are down more than 8% in the last month and down 33% over the last year.
Twilio has announced that its second quarter 2023 results will be released on Aug. 8 after market close, and the company will host a conference call at 5:00 p.m. ET the same day to discuss its results.
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TWLO Price Action: According to Benzinga Pro, Twilio shares are trading lower by 1.33% at $61.43 at the time of publication.
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