the stock to an outperform rating. The firm said that while the stock has "underperformed significantly" this year, the company can "enter into a period of healthy growth and incremental profitability that are hallmarks of outperforming stocks in this space.
" Raymond James also established a $400 price target, which is 19% above where shares closed on Monday.— Twilio rose 3% on news that it plans to acquire business-texting platform Zipwhip for $850 million in a blend of cash and stock. Stifel analyst J. Parker Lane said the deal will leverage Zipwhip to text-enable landlines and toll-free telephone numbers.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: