Twilio is trading at $243.12, down 11.08%, amid a software-sector selloff as investors weigh financing AI infrastructure and rising costs.
- No verified company-specific announcement explains the October 16 decline.
- BTIG raised its price target to $315 from $285 and maintained a Buy rating.
- The software-sector trend is consistent with the move; major indexes also traded lower, and trading volume data was not provided.