Analysts Offer Insights on Technology Companies: Twilio Inc (NYSE: TWLO) and Caci International (NYSE: CACI)

By Carrie Williams

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Twilio Inc (NYSE: TWLO) and Caci International (NYSE: CACI) with bullish sentiments.

Twilio Inc (NYSE: TWLO)

In a report released today, Ittai Kidron from Oppenheimer reiterated a Buy rating on Twilio Inc (NYSE: TWLO), with a price target of $38. The company’s shares closed last Friday at $26.87, close to its 52-week low of $22.80.

Kidron observed:

“Last week, we hosted meetings with Twilio CEO Jeff Lawson and CFO Lee Kirkpatrick; we come away confident in our thesis that continued adoption of CPaaS will drive rapid revenue growth through both new customer adoption and expansion of use cases at existing customers. Overall, we view the change in the Uber relationship as an outlier, not indicative of a broader risk, and believe that Twilio’s rapid pace of innovation will enable it to stay ahead of competitors and remain the best-of-breed player in the CPaaS market. We believe steps toward offering higher level APIs will ease customer adoption for new use cases and increase customer stickiness as Twilio becomes more critical to a company’s business. No change to estimates.”

According to TipRanks.com, Kidron is a 4-star analyst with an average return of 2.4% and a 51.6% success rate. Kidron covers the Consumer Goods sector, focusing on stocks such as Brocade Communication Systems Inc, Hewlett Packard Enterprise, and Advanced Micro Devices.

Twilio Inc has an analyst consensus of Moderate Buy, with a price target consensus of $35.

Caci International (NYSE: CACI)

In a report released today, Cai Rumohr from Cowen & Co. reiterated a Buy rating on Caci International (NYSE: CACI), with a price target of $145. The company’s shares closed last Friday at $121.45.

Rumohr wrote:

“We like CACI for (1) expected FY18 acceleration with strong Q4/Q1 bookings and (2).”

According to TipRanks.com, Rumohr is a 4-star analyst with an average return of 10.1% and a 67.6% success rate. Rumohr covers the Consumer Goods sector, focusing on stocks such as General Dynamics Corp, Lockheed Martin Corp, and Spirit AeroSystems.

Caci International has an analyst consensus of Moderate Buy, with a price target consensus of $141.

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