Merrill Lynch Believes Twilio Inc (TWLO) Won’t Stop Here


Merrill Lynch analyst Nikolay Beliov maintained a Buy rating on Twilio Inc (NYSE: TWLO) today and set a price target of $75. The company’s shares opened today at $74.75, close to its 52-week high of $77.31.

Beliov has an average return of 80.9% when recommending Twilio Inc.

According to TipRanks.com, Beliov is ranked #3539 out of 4849 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Twilio Inc with a $75.10 average price target, a 0.5% upside from current levels. In a report issued on August 2, Monness also maintained a Buy rating on the stock with a $66 price target.

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Based on Twilio Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $24.01 million. In comparison, last year the company had a GAAP net loss of $7.11 million.

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Twilio, Inc. engages in the provision of communications software, cloud-based platform and services. Its developer-first platform approach consists of programmable communications cloud, super network, and business model for innovators.

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