JPMorgan Upgrades Twilio (TWLO) to Overweight

(Updated - April 7, 2017 5:59 AM EDT)

(updated to add analyst comment)

JPMorgan upgraded Twilio (NYSE: TWLO) from Neutral to Overweight, price target $36.00

Analyst Mark Murphy lists seven underappreciated aspects of Twilio:

1. Magnitude of valuation reset
2. One of the highest-growth technology companies
3. Amazon (NASDAQ: AMZN) becoming more of a partner than competitor
4. Very large total addressable market
5. Moving past the lockup expiration period
6. Lower reliance on variable revenues
7. Reliability & uptime advantages over competitors

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 $26.93 yesterday.

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