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Benzinga
Benzinga
Business
Melanie Schaffer

A Look At Twilio Stock After Disappointing Guidance Hampers Q2 Earnings Beat

Twilio NYSE

Twilio, Inc (NYSE:TWLO) was plunged over 18% at one point on Friday after issuing third-quarter guidance that came in below estimates. The company’s outlook also prompted a number of analysts to downgrade and slash price targets on the stock.

The lowered price targets, which prior to Friday came in between $132 and $245, now come in between the $90 and $153 range.

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