Goldman Sachs Reveals Best AI Software Stocks: Twilio (TWLO), Braze, and Klaviyo

Goldman Sachs kicked off coverage on three enterprise software names—Twilio, Braze, and Klaviyo—assigning Buy ratings across the board and publishing price targets designed around an accelerating AI software cycle. Twilio received a $300 target, implying about 63% upside, supported by a view that communication infrastructure will remain necessary even as AI agents proliferate. Goldman highlighted Twilio’s Voice segment, noting 20% year-over-year expansion in the most recent quarter, alongside 28% growth in its self-service division in Q4 2025. The bank also linked Twilio’s traction to AI usage, saying roughly half of the companies in Forbes’ AI 50 were using Twilio services as of September 2024. Braze was assigned a $34 target, about 62% upside, with Goldman projecting operating margins reaching 20% by fiscal year 2029. Klaviyo received a $26 target with the highest upside estimate at about 93%, reflecting expectations that it is positioned to benefit from enterprise AI adoption. Goldman cited analyst Callie Valenti and referenced company results including Twilio’s record Q1 2026 revenue growth and profit margin expansion, and Braze exceeding revenue projections in a quarter.