Shares of Twilio Inc (NASDAQ:TWLO) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $62.39 and last traded at $61.49, with a volume of 9,351,879 shares traded. The stock had previously closed at $53.29.

Several analysts have issued reports on TWLO shares. Canaccord Genuity started coverage on shares of Twilio in a research report on Monday, July 18th. They set a “hold” rating and a $40.00 price target on the stock. JMP Securities started coverage on shares of Twilio in a research report on Monday, July 18th. They set a “market perform” rating on the stock. JPMorgan Chase & Co. started coverage on shares of 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. Goldman Sachs Group Inc. started coverage on shares of 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. Finally, William Blair reaffirmed an “outperform” rating on shares of Twilio in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $38.67.

The company’s 50-day moving average is $39.31 and its 200-day moving average is $39.02. The company’s market cap is $5.09 billion.

Twilio (NASDAQ:TWLO) last announced its quarterly earnings data on Monday, August 8th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.07. The company had revenue of $64.50 million for the quarter, compared to analyst estimates of $39.95 million. The firm’s revenue for the quarter was up 70.0% on a year-over-year basis. Analysts predict that Twilio Inc will post ($0.33) EPS for the current year.

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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