Monness analyst Brian White maintained a Buy rating on Twilio today and set a price target of $175.00.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Brian White has given his Buy rating due to a combination of factors including Twilio’s impressive third-quarter performance and optimistic future outlook. The company reported a significant revenue increase in the third quarter, surpassing both his and the market’s expectations, which indicates a strong operational position. Additionally, Twilio’s operating profit and earnings per share exceeded forecasts, demonstrating effective cost management and profitability.
Moreover, Twilio’s customer base has expanded considerably, with a notable increase in active customer accounts, which suggests growing demand for its services. The company is also capitalizing on new opportunities in the AI sector, introducing innovative solutions like ConversationRelay and Conversational Intelligence. These developments, coupled with an increase in revenue projections for the upcoming quarters, underpin Brian White’s confidence in Twilio’s growth potential, justifying the Buy rating.
In another report released today, Wells Fargo also maintained a Buy rating on the stock with a $147.00 price target.