Twilio is trading 4.02% down at $287.61 after HSBC analyst Stephen Bersey downgraded the stock from Hold to Reduce, saying investors had moved too far ahead in valuing it as a major beneficiary of Meta’s Muse AI agent.
- Bersey assigned a $211 price target.
- Twilio closed at $299.66 on September 24 after several strong sessions.
- Broader markets are higher, making the HSBC downgrade the clearest explanation for today’s weakness.