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

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

The stock’s 50 day moving average is $36.42 and its 200-day moving average is $36.42. The company’s market cap is $709.80 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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