Shares of Twilio Inc (NASDAQ:TWLO) shot up 7% during trading on Wednesday . The company traded as high as $42.57 and last traded at $41.82, with a volume of 3,454,675 shares. The stock had previously closed at $39.07.

A number of brokerages recently commented on TWLO. Goldman Sachs Group Inc. began coverage on Twilio in a research note on Monday. They issued a “neutral” rating and a $33.00 price target for the company. They noted that the move was a valuation call. Pacific Crest assumed coverage on Twilio in a report on Monday. They issued a “sector weight” rating for the company. JPMorgan Chase & Co. assumed coverage on Twilio in a report on Monday. They issued a “neutral” rating and a $39.00 price objective for the company. They noted that the move was a valuation call. JMP Securities assumed coverage on Twilio in a report on Monday. They issued a “market perform” rating for the company. Finally, William Blair assumed coverage on Twilio in a report on Monday. They issued an “outperform” rating for the company. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Twilio presently has a consensus rating of “Hold” and a consensus target price of $37.33.

The stock has a 50-day moving average price of $35.92 and a 200-day moving average price of $35.92. The stock’s market capitalization is $738.29 million.

Twilio Inc offers Cloud Communications Platforms. The Company enables developers to build, scale and operate real-time communications within software applications. It Programmable Communications Cloud software enables developers to embed voice, messaging, video and authentication capabilities into their applications via its Application Programming Interfaces.

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