Wells Fargo Remains a Buy on Twilio (TWLO)
In a report released yesterday, Ryan MacWilliams from Wells Fargo maintained a Buy rating on Twilio, with a price target of $147.00. The company’s shares closed yesterday at $126.32.
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MacWilliams covers the Technology sector, focusing on stocks such as MongoDB, HubSpot, and Atlassian. According to TipRanks, MacWilliams has an average return of 8.9% and a 52.19% success rate on recommended stocks.
Currently, the analyst consensus on Twilio is a Moderate Buy with an average price target of $145.88, implying a 15.48% upside from current levels. In a report released today, TipRanks – Google also upgraded the stock to a Buy with a $142.00 price target.
Based on Twilio’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.37 billion and a GAAP net loss of $45.85 million. In comparison, last year the company earned a revenue of $1.19 billion and had a GAAP net loss of $12.47 million
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