Bank of America's research arm has upgraded Twilio to buy from underperform and has raised its price target on shares to $190 from $110, indicating a 30.8% increase from the close of Tuesday's close. The bank's analyst, Koji Ikeda, stated that the company is one of the key infrastructure layers for AI-driven voice and messaging uses cases where scale and reliability are critical. He also highlighted the potential for partnerships with leading AI startups such as Sierra and ElevenLabs to bolster Twilios' capabilities. The company's products, including ConversationRelay and Conversational Intelligence, are expected to form the backbone of future AI digital experiences.