.jpg "Twilio (NYSE: TWLO)")
After Morgan Stanley and KeyBanc gave Twilio (NYSE: TWLO) a Buy rating last month, the company received another Buy, this time from Rosenblatt Securities. Analyst Ryan Koontz maintained a Buy rating on Twilio today and set a price target of $140.00. The company’s shares closed last Monday at $127.15.
According to TipRanks.com, Koontz is a 5-star analyst with an average return of 25.0% and a 73.3% success rate. Koontz covers the Consumer Goods sector, focusing on stocks such as CommScope Holding, Lumentum Holdings, and Juniper Networks.
Twilio has an analyst consensus of Strong Buy, with a price target consensus of $140.25, a 5.5% upside from current levels. In a report issued on January 31, Cowen & Co. also initiated coverage with a Buy rating on the stock with a $150.00 price target.
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Based on Twilio’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $87.73 million. In comparison, last year the company had a GAAP net loss of $47.16 million.
Based on the recent corporate insider activity of 110 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TWLO in relation to earlier this year.
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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.
