Oppenheimer analyst Ittai Kidron maintained a Buy rating on Twilio Inc (TWLO) today and set a price target of $110. The company’s shares closed on Monday at $89.30, close to its 52-week high of $100.47.
Kidron noted:
“Twilio remains one of our top picks for 2019. Our bullish thesis is predicated on: (1) strong (and still underappreciated) core growth, supported by growing usage/ adoption; (2) revenue synergies from SendGrid and potential for the growing availability of a number of large TAM use cases (contact center, IoT, field services/logistics, marketing/customer journey automation) enabled by bundling/ integrating platform components; and (4) longer term gross margin expansion potential. While Twilio’s stock is expensive relative to consensus estimates, layering in upside opportunities values the stock at ~8.4x FY20 EV/sales, closer to slower- growth peers. Given Twilio’s leadership position and focus on enabling application communications and better customer experience, we believe Twilio can outperform even in a volatile market amid growing macro concerns. Maintain Outperform.”
According to TipRanks.com, Kidron is a top 25 analyst with an average return of 24.7% and a 64.8% success rate. Kidron covers the Technology sector, focusing on stocks such as Citrix Systems, New Relic Inc, and Nutanix Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Twilio Inc with a $98.36 average price target.
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The company has a one-year high of $100.47 and a one-year low of $23.25. Currently, Twilio Inc has an average volume of 5.23M.
Based on the recent corporate insider activity of 112 insiders, corporate insider sentiment is negative on the stock.
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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.
