Twilio up 4% on JPMorgan upgrade

|About: Twilio (TWLO)|By:, SA News Editor

Boosting Twilio (NYSE:TWLO) to Overweight from Neutral, analyst Mark Murphy takes note of "7 underappreciated aspects of the business."

Among them is valuation after a 60% decline in the stock price since late September. Others include a strong competitive position, good relationship with Amazon, and very large addressable market.

Murphy's price target of $36 suggests more than 25% upside.

Source: Bloomberg

Shares +4.4% premarket to $28.12.