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.
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