Piper Sandler Raises Revenue Ests on Twilio (TWLO), Sees Strength Combined with Easing Comps

Piper Sandler analyst Brent Bracelin reiterated an Overweight rating and $550.00 price target on Twilio (NYSE: TWLO) after analyzing of digital downloads across 50 applications and finding that travel, retail, media, and food activity could offset tough comparisons in communication and education segments during 3Q21.

The analyst stated "The toughest monthly digital comparisons were in March-June, and could ease going into Q4. Furthermore, SDK analysis suggests the number of iOS applications using Segment has tripled to 23K from 8K pre-acquisition with several popular brands adding Segment SDKs during Q3 including DoorDash, GoodRx, Oral-B, Aetna Health, Lemonade, WeWork, and Bose. We are raising our revenue estimates for this year and next by $5M and $10M to reflect an upward bias to our growth assumptions. Given the valuation has narrowed sharply to 15.9x NTM EV/S vs. the January peak of 30x, the risk-reward on TWLO has turned compelling, in our view."

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 $312.80 yesterday.

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