Twilio Inc (TWLO) Trading 7.1% Higher
Twilio Inc (NASDAQ:TWLO)’s share price traded up 7.1% on Monday . The stock traded as high as $59.00 and last traded at $58.80, with a volume of 4,213,803 shares traded. The stock had previously closed at $54.88.
Several equities analysts have recently weighed in on the stock. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a $37.00 target price (up previously from $33.00) on shares of Twilio in a research note on Thursday, August 11th. William Blair reaffirmed an “outperform” rating on shares of Twilio in a research note on Thursday, August 11th. JMP Securities reaffirmed a “market perform” rating on shares of Twilio in a research note on Thursday, August 11th. JPMorgan Chase & Co. initiated coverage on shares of Twilio in a research note on Monday, July 18th. They set a “neutral” rating and a $39.00 price objective for the company. They noted that the move was a valuation call. Finally, Canaccord Genuity initiated 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. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $38.67.
The stock’s market capitalization is $4.79 billion. The company’s 50-day moving average is $44.04 and its 200 day moving average is $41.99.
Twilio (NASDAQ:TWLO) last issued its quarterly earnings results on Monday, August 8th. The company reported ($0.08) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.07. The business had revenue of $64.50 million for the quarter, compared to analysts’ expectations of $39.95 million. The business’s revenue for the quarter was up 70.0% compared to the same quarter last year. Equities analysts forecast that Twilio Inc will post ($0.29) 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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