Twilio Inc (TWLO) Receives a Buy from KeyBanc

By Carrie Williams

In a report released yesterday, Brent Bracelin from KeyBanc reiterated a Buy rating on Twilio Inc (TWLOResearch Report), with a price target of $158. The company’s shares closed yesterday at $139.11, close to its 52-week high of $151.

According to TipRanks.com, Bracelin is a top 25 analyst with an average return of 30.8% and a 75.9% success rate. Bracelin covers the Technology sector, focusing on stocks such as Slack Technologies Inc, Tyler Technologies, and Coupa Software Inc.

Twilio Inc has an analyst consensus of Strong Buy, with a price target consensus of $159, representing a 14.3% upside. In a report issued on July 16, JMP Securities also maintained a Buy rating on the stock with a $160 price target.

See today’s analyst top recommended stocks >>

Based on Twilio Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $36.5 million. In comparison, last year the company had a GAAP net loss of $24.01 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Twilio, Inc. engages in the development of communications software, cloud-based platform, and services. Its platform consists of the following layers: engagement cloud, programmable communications cloud, and super network.