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Twilio Q3 Preview: 7 Recent Rating And Price Target Changes

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After Twilio's Rocky Year, Analyst Suggests Investors With High Risk Tolerance Revisit The Stock

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
Aug 2017Canaccord GenuityMaintainsBuy
Aug 2017BairdMaintainsOutperform
Aug 2017Mitsubishi UFJUpgradesNeutralOverweight

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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