Goldman Sachs has maintained its Buy rating on Twilio Inc. (TWLO) and raised the price target to $145 from $130 following the company's first-quarter 2025 earnings report. Twilio reported revenue of $1.17 billion, a 12% increase year-over-year, surpassing consensus estimates by 3%. The company also achieved an operating margin 170 basis points above expectations and free cash flow performance 53% better than anticipated. Twilio's active customer accounts grew to over 335,000 compared to more than 313,000 in the first quarter of 2024. The firm provided a second-quarter revenue forecast exceeding estimates, which contributed to an after-hours stock price increase of approximately 8% to 9%. Separately, Five9 Inc. (FIVN) also reported first-quarter earnings and revenue that topped estimates, with pre-market shares rising 4.4%. Five9 projects medium-term revenue growth between 10% and 15%, aiming to exceed the Rule of 40 on an EBITDA basis and approach it on a free cash flow basis. Juniper Networks Inc. (JNPR) similarly surpassed first-quarter earnings and revenue expectations, though its shares declined slightly by 0.4% in pre-market trading.