Analyst Update: Twilio Inc, Weatherford International Plc, and Integrated Device Technology Inc

Analysts are weighing in on cloud stock Twilio Inc (NYSE:TWLO), oil company Weatherford International Plc (NYSE:WFT), and chip stock Integrated Device Technology Inc (NASDAQ:IDTI). Here's a quick roundup of today's brokerage notes on TWLO, WFT, and IDTI.

• TWLO is trading up 3.9% at $35.42, after Oppenheimer initiated coverage with an "outperform" rating and a $50 price target – more than a 40% premium over the stock's current perch, but still nearly a 30% discount to the Wall Street rookie's all-time high of $70.96, notched in late September. Before today's surge, TWLO sported a 14-day Relative Strength Index (RSI) of 28 -- in "oversold" territory, suggesting that even without the Oppenheimer boost, a bounce may have been in the cards for the cloud stock. Twilio Inc will report earnings on Thursday, Nov. 3, and earlier this month issued well-received guidance.

• WFT is sitting 11.8% lower at $4.25 -- and earlier touched a 17-year low of $3.83, landing itself on the short-sale restricted list -- after confirming it would remain within its debt covenants by the end of the year. WFT has already given up more than 30% in the past week, due to lackluster earnings on Oct. 25 -- and possibly in light of recent oil-and-gas M&A news. Adding to that, D.A. Davidson last night cut its price target on WFT to $8 from $9. The struggling oil stock is down nearly 50% year-to-date, with several rally attempts since April squashed by its 160-day moving average. In the option pits, a number of WFT call buyers are likely kicking rocks, given that Weatherford International Plc's (NYSE:WFT) Schaeffer's put/call open interest ratio (SOIR) of 0.37 sits in the bottom 5% of its annual range, suggesting near-term option players have rarely been more call-skewed over the last 12 months. 

• IDTI is up 10.5% at $22.88, after delivering well-received earnings and scoring a subsequent price-target hike to $25 from $23 at Brean Capital. In addition, Roth Capital said it expects the company's forward growth to match or top reduced current-quarter guidance, and reiterated a "buy" endorsement and $26 price target on IDTI. The chip stock has spent the past few months bouncing along support in the $19-$20 area, but has struggled to break north of the $23-$24 area since a February bear gap. Today's analyst optimism is nothing new for Integrated Device Technology Inc, which is rated a "buy" or better by nine of the 10 brokerage firms covering the stock.