Monness Believes Twilio Inc (TWLO) Still Has Room to Grow
In a report released yesterday, Brian White from Monness maintained a Buy rating on Twilio Inc (NYSE: TWLO), with a price target of $108. The company’s shares opened today at $85.22, close to its 52-week high of $87.91.
According to TipRanks.com, White is a top 100 analyst with an average return of 19.9% and a 68.3% success rate. White covers the Technology sector, focusing on stocks such as Salesforce.com, Alphabet Inc, and Cloudera Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Twilio Inc with a $82.09 average price target, which is a -3.7% downside from current levels. In a report issued on September 3, KeyBanc also upgraded the stock to Buy with a $99 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.