Twilio (TWLO) received a Hold rating and an $80.00 price target from Rosenblatt Securities analyst Ryan Koontz today. The company’s shares closed last Monday at $86.66.
According to TipRanks.com, Koontz is a 5-star analyst with an average return of 15.3% and a 56.4% success rate. Koontz covers the Consumer Goods sector, focusing on stocks such as Applied Optoelectronics, CommScope Holding, and Lumentum Holdings.
Currently, the analyst consensus on Twilio is a Moderate Buy with an average price target of $125.07, which is a 48.9% upside from current levels. In a report issued on March 26, Goldman Sachs also downgraded the stock to Hold with a $105.00 price target.
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Based on Twilio’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $331 million and GAAP net loss of $90.25 million. In comparison, last year the company earned revenue of $204 million and had a GAAP net loss of $47.16 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.
