BTIG raises Twilio price target to $175 from $155, maintaining Buy rating ahead of Q1 2026 results

BTIG raised its price target on Twilio to $175 from $155 while maintaining a Buy rating. Twilio is set to report Q1 2026 results on April 30.

BTIG expects organic growth and gross profit dollar growth to show modest upside to consensus, positioning Twilio as communications infrastructure for the AI era. Voice AI revenue growth accelerated above 60% year over year in Q4, and $500K+ deals climbed 36% YoY.

Twilio stock closed at $142.59 on April 27, up roughly 50% over the past year. The company posted FY2025 revenue of $5.067 billion, up 14%, with free cash flow of $945.4 million, up 44% year over year. Active customer accounts reached 402,000+.

FY2026 guidance calls for organic revenue growth of 8% to 9%, a step down from 2025's pace. A 170 basis point gross margin headwind from U.S. carrier A2P fees in 2026 is expected.