Drexel Hamilton Assigns a Buy Rating on Twilio Inc

By Austin Angelo

In a report released today, Brian White from Drexel Hamilton assigned a Buy rating to Twilio Inc (NYSE: TWLO), with a price target of $47. The company’s shares closed yesterday at $24.51, close to its 52-week low of $22.80.

White said:

“We believe the fundamental underpinnings of Twilio remain strong and the stock is undervalued at an EV/revenue ratio of just 4.9x based our 2018 sales forecast.”

According to TipRanks.com, White is a 5-star analyst with an average return of 12.8% and a 64.5% success rate. White covers the Technology sector, focusing on stocks such as Salesforce.com, Cloudera Inc, and Oracle Corp.

Twilio Inc has an analyst consensus of Strong Buy, with a price target consensus of $40.

Based on Twilio Inc’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $101 million and GAAP net loss of $23.45 million. In comparison, last year the company earned revenue of $71.53 million and had a GAAP net loss of $11.25 million.

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Twilio, Inc. engages in the provision of communications software, cloud-based platform and services. Its developer-first platform approach consists of programmable communications cloud, super network, and business model for innovators. The company was founded by John Wolthuis, Jeffery G.