After Oppenheimer and Morgan Stanley 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 yesterday and set a price target of $140.00. The company’s shares closed last Monday at $97.00.
According to TipRanks.com, Koontz is a 5-star analyst with an average return of 17.4% and a 55.6% success rate. Koontz covers the Consumer Goods sector, focusing on stocks such as Applied Optoelectronics, CommScope Holding, and Lumentum Holdings.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Twilio with a $135.80 average price target, implying a 39.2% upside from current levels. In a report issued on March 24, Oppenheimer also maintained a Buy rating on the stock with a $125.00 price target.
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The company has a one-year high of $151.00 and a one-year low of $68.06. Currently, Twilio has an average volume of 3.55M.
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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.
