Northland Securities Believes Twilio Inc (TWLO) Still Has Room to Grow


Northland Securities analyst Michael Latimore maintained a Buy rating on Twilio Inc (TWLO) yesterday and set a price target of $135. The company’s shares closed yesterday at $129.27, close to its 52-week high of $136.

According to TipRanks.com, Latimore is a 5-star analyst with an average return of 15.7% and a 59.5% success rate. Latimore covers the Technology sector, focusing on stocks such as Super League Gaming Inc, Brightcove Inc, and Everbridge Inc.

Twilio Inc has an analyst consensus of Strong Buy, with a price target consensus of $132.71, representing a 2.7% upside. In a report issued on April 9, FBN Securities also initiated coverage with a Buy rating on the stock with a $150 price target.

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Based on Twilio Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $47.16 million. In comparison, last year the company had a GAAP net loss of $23.73 million.

Based on the recent corporate insider activity of 124 insiders, corporate insider sentiment is negative on the stock.

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Twilio, Inc. engages in the development of communications software, cloud-based platform, and services. Its platform consists of the following layers: engagement cloud, programmable communications cloud, and super network.

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