Twilio Inc (NASDAQ:TWLO)’s share price was down 2.6% during mid-day trading on Friday . The stock traded as low as $40.80 and last traded at $41.07, with a volume of 4,390,709 shares trading hands. The stock had previously closed at $42.17.

Several equities analysts have recently issued reports on TWLO shares. Canaccord Genuity started coverage on Twilio in a research note on Monday, July 18th. They set a “hold” rating and a $40.00 target price on the stock. JPMorgan Chase & Co. started coverage on Twilio in a research report on Monday, July 18th. They set a “neutral” rating and a $39.00 price target on the stock. They noted that the move was a valuation call. William Blair started coverage on Twilio in a research report on Monday, July 18th. They set an “outperform” rating on the stock. JMP Securities started coverage on Twilio in a research report on Monday, July 18th. They set a “market perform” rating on the stock. Finally, Goldman Sachs Group Inc. started coverage on Twilio in a research report on Monday, July 18th. They set a “neutral” rating and a $33.00 price target on the stock. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Twilio has a consensus rating of “Hold” and an average price target of $37.33.

The stock’s market cap is $718.83 million. The firm’s 50 day moving average is $37.53 and its 200-day moving average is $37.53.

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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