The question now many investors are asking is if the stock is attractive at its current beaten up levels. Analysts at Argus doesn't necessarily think so.
Justification To Stay At Hold
While the company argues that Uber's decision is an outlier this doesn't necessarily ease investor concerns that other customers will no longer exclusively use Twilio's products and services. As such, the company is "likely" to post losses for most quarters through the end of next year.
Bottom line, Twilio's long-term success depends on its ability to diversify its customer base, but at the end of the day, Twilio's lack of profitability and short public history is prompting the analyst to remain on the sidelines for the time being.
At time of publication, shares of Twilio were up 3.91 percent at $25.25.
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