Twilio Inc (NASDAQ:TWLO) shares were up 4.4% on Thursday . The company traded as high as $56.34 and last traded at $55.98, with a volume of 3,424,342 shares changing hands. The stock had previously closed at $53.62.

A number of research analysts have weighed in on TWLO shares. Canaccord Genuity started coverage on shares of Twilio in a research note on Monday, July 18th. They issued a “hold” rating and a $40.00 price target on the stock. Argus began coverage on shares of Twilio in a research report on Thursday, August 25th. They issued a “hold” rating and a $39.00 price objective on the stock. They noted that the move was a valuation call. JMP Securities began coverage on shares of Twilio in a research report on Monday, July 18th. They issued a “market perform” rating on the stock. JPMorgan Chase & Co. began coverage on shares of Twilio in a research report on Monday, July 18th. They issued a “neutral” rating and a $39.00 price objective on the stock. They noted that the move was a valuation call. Finally, Goldman Sachs Group Inc. began coverage on shares of Twilio in a research report on Monday, July 18th. They issued a “neutral” rating and a $33.00 price objective on the stock. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Twilio has an average rating of “Hold” and an average price target of $38.75.

The firm has a 50-day moving average price of $46.86 and a 200 day moving average price of $43.40. The stock’s market cap is $4.60 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 anticipate that Twilio Inc will post ($0.28) 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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