Stifel Nicolaus analyst J. Parker Lane maintained a Hold rating on Twilio (TWLO – Research Report) today and set a price target of $60.00. The company’s shares closed yesterday at $56.66.
Parker Lane covers the Technology sector, focusing on stocks such as Intapp, MeridianLink, and Adobe. According to TipRanks, Parker Lane has an average return of -3.3% and a 41.29% success rate on recommended stocks.
In addition to Stifel Nicolaus, Twilio also received a Hold from TD Cowen’s Derrick Wood in a report issued today. However, on the same day, UBS maintained a Buy rating on Twilio (NYSE: TWLO).
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Based on Twilio’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.03 billion and a GAAP net loss of $141.71 million. In comparison, last year the company earned a revenue of $983.03 million and had a GAAP net loss of $482.33 million
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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
