Robert W. Baird analyst William Power reiterated a Buy rating on Twilio on August 8 and set a price target of $130.00.
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William Power has given his Buy rating due to a combination of factors including Twilio’s strong financial performance and strategic initiatives. The company reported robust second-quarter results, surpassing revenue and margin expectations, which indicates a positive trend in its financial health. Twilio’s revenue grew by 13% year-over-year, exceeding the initial estimate of 9%, and the company has also increased its full-year revenue guidance, suggesting confidence in continued growth.
Furthermore, despite a slight dip in gross margins due to external factors, Twilio expects stabilization in the near term, supported by recent pricing and cost management actions. The company’s commitment to investing in research and development for new products, such as voice AI, positions it well for future innovation and market expansion. Additionally, Twilio’s proactive stock repurchase program reflects a strong balance sheet and management’s confidence in the company’s valuation. These elements collectively underpin William Power’s Buy recommendation for Twilio’s stock.
In another report released on August 8, Goldman Sachs also reiterated a Buy rating on the stock with a $145.00 price target.