Twilio Inc Gets a Buy Rating from Northland Securities

By Carrie Williams

Northland Securities analyst Michael Latimore reiterated a Buy rating on Twilio Inc (NYSE: TWLO) today and set a price target of $36. The company’s shares closed on Friday at $25.55.

According to TipRanks.com, Latimore is a 3-star analyst with an average return of 1.1% and a 50.5% success rate. Latimore covers the Technology sector, focusing on stocks such as Great Elm Capital Group Inc, Interactive Intelligence, and Nuance Communications.

Currently, the analyst consensus on Twilio Inc is Strong Buy and the average price target is $39, representing a 52.6% upside.

In a report issued on November 9, Drexel Hamilton also reiterated a Buy rating on the stock with a $47 price target.

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.