#4 - Twillio (NYSE:TWLO)
Like Okta, the business case for Twilio (NYSE:TWLO) is better understood when you think of what they do. Twilio is a software company that creates the pieces, or building blocks, for developers to put the company’s technology in things such as apps, messaging systems, etc. Think of the push notifications you receive to let you know about your ride-hailing service, an Airbnb reservation, even food delivery notifications. All are based largely on Twilio.
Like most cloud-based systems, a key benefit of Twilio is the speed at which it allows developerment to take place. What used to take weeks or months can now be done in hours.
The company continues to increase its active customer base. At this time, it has nearly 210,000. And with the company’s acquisition of Segment, a customer data platform, the company is forecasting its market opportunity to increase by over 25% (from $62 billion to $79 billion).
The company draws significant attention from analysts who give the stock a consensus price target of $328.64, with one analyst giving TWLO stock a price target of $550. That’s the nature of this red-hot segment.
About Twilio
Twilio Inc, together with its subsidiaries, provides customer engagement platform solutions in the United States and internationally. It operates through two segments, Twilio Communications and Twilio Segment. The company provides various application programming interfaces and software solutions for communications between customers and end users, including messaging, voice, email, flex, marketing campaigns, and user identity and authentication.
Read More - Current Price
- $107.93
- Consensus Rating
- Hold
- Ratings Breakdown
- 10 Buy Ratings, 11 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $90.35 (16.3% Downside)
