After Morgan Stanley and KeyBanc gave Twilio (NYSE: TWLO) a Buy rating last month, the company received another Buy, this time from Merrill Lynch. Analyst Nikolay Beliov reiterated a Buy rating on Twilio today and set a price target of $150.00. The company’s shares closed last Monday at $127.15.
Beliov has an average return of 53.5% when recommending Twilio.
According to TipRanks.com, Beliov is ranked #1041 out of 5881 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Twilio with a $142.55 average price target, a 7.2% 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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The company has a one-year high of $151.00 and a one-year low of $89.81. Currently, Twilio has an average volume of 2.82M.
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.
