Twilio Inc (NASDAQ:TWLO) shot up 3% during trading on Wednesday . The company traded as high as $42.30 and last traded at $41.60, with a volume of 2,228,218 shares trading hands. The stock had previously closed at $40.39.

A number of brokerages have recently commented on TWLO. William Blair began coverage on shares of Twilio in a report on Monday, July 18th. They issued an “outperform” rating for the company. Canaccord Genuity began coverage on shares of Twilio in a report on Monday, July 18th. They issued a “hold” rating and a $40.00 target price for the company. Goldman Sachs Group Inc. began coverage on shares of Twilio in a report on Monday, July 18th. They issued a “neutral” rating and a $33.00 target price for the company. They noted that the move was a valuation call. JMP Securities began coverage on shares of Twilio in a report on Monday, July 18th. They issued a “market perform” rating for the company. Finally, Pacific Crest began coverage on shares of Twilio in a report on Monday, July 18th. They issued a “sector weight” rating for the company. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $37.33.

The stock’s market cap is $752.62 million. The stock has a 50-day moving average price of $36.97 and a 200 day moving average price of $36.97.

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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