Twilio Inc. 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 NFLX and Tesla 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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