Twilio (TWLO) Momentum Intact, Outlook Conservative - Oppenheimer

November 4, 2016 9:46 AM EDT
Get Alerts TWLO Hot Sheet
Price: $30.38 -4.68%

Rating Summary:
    2 Buy, 7 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 11 | Down: 31 | New: 42
Trade TWLO Now!
Join SI Premium – FREE

Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.

Oppenheimer analyst Ittai Kidron reiterated an Outperform rating and $50 price target on Twilio (NYSE: TWLO) following strong results after the close. Kidron notes momentum is intact and the outlook is conservative.

Kidron commented, "Twilio reported strong 3Q16 results, in line with its positive pre-announcement from October 11. Overall, the company continues to experience impressive growth across multiple vectors (new customer additions and usage and use case expansion within existing customers), as well as introduce new solutions into the marketplace, which can fuel further upside in 2017. We maintain our bullish view on the company as the transition to cloud-based architecture for application-to-person communication continues. Furthermore, we believe guidance is highly conservative and model outlook at the high-end of management's guidance while still believing there's more upside. Maintain Outperform and $50 price target."

For an analyst ratings summary and ratings history on Twilio click here. For more ratings news on Twilio click here.

Shares of Twilio closed at $32.60 yesterday.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Analyst Comments, Analyst EPS Change

Related Entities

Ittai Kidron

Add Your Comment