Twilio stock jumps 5.5% after JPMorgan target hike

Shares of customer engagement platform Twilio jumped 5.5% in Friday afternoon trading to reach $289.97. The rally followed a price target increase from JPMorgan Chase, ongoing institutional demand after the stock's inclusion in the S&P 500, and a broader rebound in technology equities after an earlier sell-off sparked by concerns over artificial intelligence revenue.

According to TipRanks, index-tracking funds buying shares to replicate the S&P 500 generated sustained institutional demand for Twilio. The upward move was also supported by optimism surrounding Twilio's artificial intelligence communications strategy. CNBC reported that major equity indexes, including the S&P 500 and the tech-heavy Nasdaq, stabilized across the SaaS sector after Reuters noted selling pressure a day earlier triggered by an OpenAI revenue report.

Twilio shares have recorded 24 moves greater than 5% over the past year. Fourteen days earlier, the stock fell 7.6% after HSBC downgraded its rating from Hold to Reduce, citing rising competition, stretched valuation, and doubts over whether Meta Platforms' Muse AI agent would meaningfully expand Twilio's revenue or competitive moat.

Twilio has gained 110% since the start of the year, approaching its 52-week high of $301.27 set in September 2026. However, an investor who purchased $1,000 worth of Twilio stock five years ago would hold $904.13 today.