Twilio Inc (NASDAQ:TWLO) shares traded up 1.3% during trading on Tuesday . The company traded as high as $40.25 and last traded at $39.85, with a volume of 1,412,355 shares trading hands. The stock had previously closed at $39.33.

A number of research analysts have recently commented on the stock. William Blair assumed coverage on shares of Twilio in a research note on Monday, July 18th. They set an “outperform” rating for the company. Canaccord Genuity assumed coverage on shares of Twilio in a research note on Monday, July 18th. They set a “hold” rating and a $40.00 price objective for the company. Goldman Sachs Group Inc. assumed coverage on shares of Twilio in a research note on Monday, July 18th. They set a “neutral” rating and a $33.00 price objective 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, July 18th. They set a “market perform” rating for the company. Finally, Pacific Crest assumed coverage on shares of Twilio in a research note on Monday, July 18th. They set a “sector weight” rating for the company. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $37.33.

The stock’s market capitalization is $671.06 million. The stock has a 50 day moving average price of $37.59 and a 200 day moving average price of $37.59.

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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