Twilio Inc Gets a Buy Rating from Oppenheimer

By Ryan Adsit

In a report issued on April 13, Timothy Horan from Oppenheimer reiterated a Buy rating on Twilio Inc (NYSE: TWLO), with a price target of $45. The company’s shares opened today at $39.88, close to its 52-week high of $42.54.

According to TipRanks.com, Horan is a top 25 analyst with an average return of 15.9% and a 74.8% success rate. Horan covers the Technology sector, focusing on stocks such as Interxion Holding NV, Boingo Wireless Inc, and Zayo Group Holdings.

Currently, the analyst consensus on Twilio Inc is Strong Buy and the average price target is $45.75, representing a 14.7% upside.

In a report issued on April 10, Dougherty also initiated coverage with a Buy rating on the stock with a $45 price target.

The company has a one-year high of $42.54 and a one-year low of $22.80. Currently, Twilio Inc has an average volume of 2.2M.

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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.