Twilio Price Target Raised to $160 with 22% Upside on Voice AI
Jefferies raised Twilio’s rating to Buy and lifted its price target to $160, implying about 22% upside on a 21× projected 2027 free cash flow multiple. The firm projects Voice AI will generate $383 million out of $1.15 billion in voice revenue by 2028, boosting total revenue 5% and gross profit 6%.
1. Upgrade to Buy with Higher Price Target
Jefferies upgraded Twilio’s rating to Buy from Hold and raised its price target to $160, reflecting confidence in its Voice AI positioning. The new valuation is based on a 21× multiple of projected 2027 free cash flow, implying roughly 22% upside.
2. Voice AI Positioning and Products
Twilio is expanding beyond core telephony with offerings like ConversationRelay, integrating media streaming, speech recognition and large language models. The firm expects these orchestration tools to capture higher monetization per call compared with traditional voice services.
3. Revenue and Margin Forecasts
Voice AI calls are projected to generate $0.21 per three-minute interaction versus $0.03 for traditional calls. Under these assumptions, voice revenue could reach $1.15 billion by 2028—$383 million from Voice AI—boosting total revenue 5% and gross profit 6%.