JMP Securities analyst Patrick Walravens maintains $Twilio (TWLO.US)$ with a buy rating, and maintains the target price at $110.
According to TipRanks data, the analyst has a success rate of 47.5% and a total average return of 0.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Twilio (TWLO.US)$'s main analysts recently are as follows:
The firm observes a strengthening momentum in the company's core channels presently.
The company's strong performance in Q2, surpassing expectations on all fronts such as revenue, operating margin, and free cash flow, has been noted. There's also an increased optimism regarding the company's exceptional performance in Diversified Communications and the initial indications of significant returns on investment from AI products.
Twilio's return to double-digit revenue growth arrived sooner than anticipated, as evidenced by a third-quarter revenue increase to 10% year-over-year, an improvement from the 7% organic growth observed in the first half of the preceding year. The company credited this better-than-expected performance to robustness in its Messaging and email services, along with growth efforts focused on Independent Software Vendors (ISVs), self-service options, and cross-selling opportunities. The shares are regarded as appealing due to the potential for maintaining a growth rate exceeding 10% and prospects for continued improvement in margins. Expectations are set on the upcoming Investor Day, which could act as a significant event if Twilio presents an engaging narrative on Artificial Intelligence and evidences to support the sustainability of its current growth trajectory.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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