TD Cowen has adjusted its price target for Twilio (TWLO, Financial), lowering it from $140 to $100. The firm maintains a Hold rating on the stock, citing the company's vulnerability to broader economic conditions.
Twilio is regarded as particularly sensitive to macroeconomic shifts due to its business model, which heavily relies on discretionary marketing budgets and significant international operations. Although TD Cowen anticipates a modest upside in the first quarter, there is concern about the potential risks stemming from these macroeconomic factors.
