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

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

The company has a 50 day moving average price of $37.40 and a 200 day moving average price of $37.40. The stock’s market cap is $725.02 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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