Monness analyst Brian White maintained a Hold rating on Twilio (TWLO) on October 27. The company’s shares closed last Monday at $320.09, close to its 52-week high of $341.70.
According to TipRanks.com, White is a top 100 analyst with an average return of 31.1% and a 78.0% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA, Slack Technologies, and Alphabet Class A.
Currently, the analyst consensus on Twilio is a Strong Buy with an average price target of $364.52, implying a 13.6% upside from current levels. In a report issued on October 27, Goldman Sachs also maintained a Hold rating on the stock with a $330.00 price target.
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Based on Twilio’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $448 million and GAAP net loss of $117 million. In comparison, last year the company earned revenue of $295 million and had a GAAP net loss of $87.73 million.
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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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