Oppenheimer Believes Twilio Inc (NYSE: TWLO) Still Has Room to Grow


In a report released yesterday, Ittai Kidron from Oppenheimer maintained a Buy rating on Twilio Inc (NYSE: TWLO), with a price target of $50. The company’s shares closed yesterday at $44.35, close to its 52-week high of $44.74.

Kidron wrote:

“Twilio reported another impressive quarter with robust metrics across the business; increased full-year guidance gives us confidence that the strength will continue. Overall, results validate our bullish thesis that Twilio’s market-leading position will enable it to continue delivering upside. Illustrating the breadth of Twilio’s outperformance, metrics were strong nearly across the board, including base revenue growth, new customer additions, and dollar-based net expansion. Sequential gross margin improvement should help moderate investor concerns, with pricing pressure/ margin compression a key component of bears’ thesis. We see further upside as customer usage of Twilio’s platform expands and Twilio continues to broaden its solution portfolio. Increasing estimates and PT to $50 from $45. Maintain Outperform.”

According to TipRanks.com, Kidron is a top 100 analyst with an average return of 21.0% and a 66.2% success rate. Kidron covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Juniper Networks, and Pure Storage Inc.

Currently, the analyst consensus on Twilio Inc is Strong Buy and the average price target is $46.63, representing a 5.1% upside.

In a report issued on May 7, Monness also maintained a Buy rating on the stock with a $60 price target.

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The company has a one-year high of $44.74 and a one-year low of $22.80. Currently, Twilio Inc has an average volume of 2.35M.

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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. The company was founded by John Wolthuis, Jeffery G.

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