In a report released yesterday, Ittai Kidron from Oppenheimer assigned a Buy rating to Twilio (TWLO), with a price target of $350.00. The company’s shares closed last Monday at $300.62, close to its 52-week high of $341.70.
According to TipRanks.com, Kidron is a top 25 analyst with an average return of 38.1% and a 76.1% success rate. Kidron covers the Technology sector, focusing on stocks such as Zoom Video Communications, Slack Technologies, and Arista Networks.
Currently, the analyst consensus on Twilio is a Strong Buy with an average price target of $344.05, an 11.7% upside from current levels. In a report issued on October 13, Rosenblatt Securities also upgraded the stock to Buy with a $375.00 price target.
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The company has a one-year high of $341.70 and a one-year low of $68.06. Currently, Twilio has an average volume of 2.83M.
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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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