Bank of America double upgrades this software stock, sees big boost from AI
Summary
Bank of America’s research team double upgraded Twilio to buy from underperform and raised its price target to $190, implying about 31% upside. The analyst cited positive inflections from Twilio’s AI-focused products, including ConversationRelay for human-like speech and Conversational Intelligence for AI transcription and call analysis. Bank of America highlighted Twilio’s enterprise-scale voice and messaging infrastructure and partnerships with AI startups like Sierra and ElevenLabs as drivers of gross profit growth. The firm projects roughly 10% gross profit growth by fiscal 2028, noting broad Street support with most analysts rating the stock buy or strong buy.
Classifications
industries
Telecommunications
applications
Customer Service & Support
AskAI Classifications
Labels
CPaaS
SaaS
Developer Tools
Linked Companies
Twilio Inc.
$1B+