Canaccord Genuity Believes Twilio (TWLO) Won’t Stop Here


In a report released today, Michael Walkley from Canaccord Genuity initiated coverage with a Buy rating on Twilio (TWLO) and a price target of $215.00. The company’s shares closed last Thursday at $191.40, close to its 52-week high of $209.94.

According to TipRanks.com, Walkley is a top 100 analyst with an average return of 18.1% and a 64.0% success rate. Walkley covers the Technology sector, focusing on stocks such as Telefonaktiebolaget LM Ericsson, Sequans Communications S A, and Synchronoss Technologies.

Twilio has an analyst consensus of Moderate Buy, with a price target consensus of $170.72, representing a -10.3% downside. In a report issued on May 20, JMP Securities also maintained a Buy rating on the stock with a $200.00 price target.

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The company has a one-year high of $209.94 and a one-year low of $68.06. Currently, Twilio has an average volume of 4.54M.

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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. The engagement cloud software addresses use cases like account security and contact centers and is a set of Application Programming Interfaces (APIs) that handles the higher-level communication logic needed for nearly every type of customer engagement. The Programmable communications cloud software is a set of APIs that enables developers to embed voice, messaging, and video capabilities into their applications. The super network is a software layer that allows customers’ software to communicate with connected devices globally. The company was founded by John Wolthuis, Jeffery G. Lawson, and Evan Cooke in March 2008 and is headquartered in San Francisco, CA.

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