Twilio Inc (TWLO) Received its Third Buy in a Row


After Oppenheimer and Piper Jaffray gave Twilio Inc (NYSE: TWLO) a Buy rating last month, the company received another Buy, this time from KeyBanc. Analyst Brent Bracelin maintained a Buy rating on Twilio Inc yesterday and set a price target of $114. The company’s shares closed yesterday at $96.98, close to its 52-week high of $100.47.

Bracelin commented:

“We see multiple upside levers to consensus growth of 31% in 2019 vs. 68% last quarter and are raising our estimates and PT to $114 from $103. SendGrid scenario analysis shows combined revenue could top $3B. Our scenario analysis of the SendGrid acquisition suggests that base-case revenue could exceed $1B next year and then triple to $3B within five years. This assumes a slightly higher blended gross margin profile of 57-60% while sustaining breakeven to positive operating cash flow. A special meeting to vote on the SendGrid deal is scheduled for Jan. 30. Verizon price increases in 2019 are a mixed bag. Effective Feb. 1, Verizon will levy a new termination surcharge of $0.0025 per mobile terminated message, which Twilio plans to pass on to customers with no markup.”

According to TipRanks.com, Bracelin is a top 25 analyst with an average return of 20.4% and a 71.0% success rate. Bracelin covers the Technology sector, focusing on stocks such as Tyler Technologies, Salesforce.com, and Everbridge Inc.

Currently, the analyst consensus on Twilio Inc is a Strong Buy with an average price target of $99.73, which is a 2.8% upside from current levels. In a report issued on January 2, Oppenheimer also assigned a Buy rating to the stock with a $110 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 5.4M.

Based on the recent corporate insider activity of 114 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.

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