JMP Securities Sticks to Its Buy Rating for Twilio (TWLO)

In a report released today, Patrick Walravens from JMP Securities maintained a Buy rating on Twilio (TWLOResearch Report), with a price target of $175.00. The company’s shares closed yesterday at $76.01.

According to TipRanks, Walravens is a 3-star analyst with an average return of 2.4% and a 40.60% success rate. Walravens covers the Technology sector, focusing on stocks such as NICE, Domo, and Sprinklr.

Twilio has an analyst consensus of Moderate Buy, with a price target consensus of $132.05, a 73.73% upside from current levels. In a report released on September 14, BTIG also reiterated a Buy rating on the stock with a $105.00 price target.

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Based on Twilio’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $943.35 million and a GAAP net loss of $322.77 million. In comparison, last year the company earned a revenue of $668.93 million and had a GAAP net loss of $227.85 million

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Founded in 2008, California-based Twilio, Inc. provides a cloud communications platform that allows software developers to programmatically make and receive phone calls, send and receive text messages, and perform other communication functions using its web service APIs (Application Programming Interfaces).

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