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Twilio Q3 Preview: 7 Recent Rating And Price Target Changes

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Despite having reported four consecutive quarters of in-line or better earnings, Twilio Inc (NYSE: TWLO) traded down 3 percent Wednesday ahead of its third-quarter release.

But Wall Street is notably optimistic on the name. Consensus reports a $39 average price target representing 29-percent upside, and the ratings ratio is 10 Buys to three Holds. No analysts have issued Sells.

In the last month, seven have updated coverage on the stock:

  • Drexel Hamilton: Buy, $47 price target
  • Northland Securities: Buy, $36 price target
  • Baird Equity Research: Buy, $39 price target
  • JPMorgan Securities: Buy, $38 price target
  • MUFG Securities Americas: Buy
  • KeyBanc: Hold
  • Oppenheimer: Buy

Their positive perceptions are justified by overwhelmingly favorable quarterly news.

Throughout the period, Twilio improved its programmable video platform with multi-user augmented reality capabilities; reported an expanded partnership with Amazon.com, Inc. (NASDAQ: AMZN) on Pinpoint’s two-way messaging; and fielded takeover rumors.

Twilio will report earnings Wednesday after market close. At time of publication, shares were trading at $27.54, down 18 percent over the last three months.

Related Links:

Should Twilio Shares Be Bought On Weakness?

Twilio Reducing Its Reliance On Uber, And That's A Good Thing

Latest Ratings for TWLO

DateFirmActionFromTo
Oct 2018Deutsche BankInitiates Coverage OnBuy
Oct 2018DA DavidsonInitiates Coverage OnBuy
Sep 2018KeyBancUpgradesSector WeightOverweight

View More Analyst Ratings for TWLO
View the Latest Analyst Ratings

Posted-In: Baird Equity Research Drexel Hamilton JPMorgan Securities KeyBancPrice Target Previews Analyst Ratings Trading Ideas

 

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