In a report released yesterday, Rishi Jaluria from RBC Capital maintained a Sell rating on Twilio (TWLO – Research Report), with a price target of $50.00. The company’s shares closed yesterday at $56.66.
Jaluria covers the Technology sector, focusing on stocks such as Salesforce, Workday, and HubSpot. According to TipRanks, Jaluria has an average return of 4.3% and a 53.95% success rate on recommended stocks.
Currently, the analyst consensus on Twilio is a Hold with an average price target of $71.71, a 26.56% upside from current levels. In a report released yesterday, Bank of America Securities also maintained a Sell rating on the stock with a $55.00 price target.
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TWLO market cap is currently $10.97B and has a P/E ratio of -10.24.
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Twilio (TWLO) Company Description:
Founded in 2008, California-based Twilio, Inc. provides a cloud communications platform that allows software developers to programmatically make and receive phone calls, send and receive text messages, and perform other communication functions using its web service APIs (Application Programming Interfaces).
Read More on TWLO:
- Twilio Sets Growth Targets and Expands Buyback Program
- Unusually active option classes on open February 16th
- Twilio (NYSE:TWLO) Beats Q4 Estimates, Stock Dips on Q1 Forecast
- Snowflake downgraded, Coinbase upgraded: Wall Street’s top analyst calls
- Twilio price target lowered to $69 from $70 at Macquarie
