UPDATE: Needham & Company Starts Twilio (TWLO) at Buy

June 21, 2021 4:11 PM EDT
Get Alerts TWLO Hot Sheet
Price: $376.82 +0.62%

Rating Summary:
    30 Buy, 5 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 22 | Down: 25 | New: 45
Trade Now! 
Join SI Premium – FREE

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.
(Updated - June 21, 2021 4:15 PM EDT)

Needham & Company analyst Ryan Koontz initiates coverage on Twilio (NYSE: TWLO) with a Buy rating and a price target of $430.00.

The analyst commented, "We initiate coverage of TWLO with a Buy rating and a PT of $430. We see TWLO as a global leader in several fast-growing market segments that enable digital customer engagement. Despite an increasingly competitive landscape, we see TWLO's innovation and unique developer-focused go-to-market as strong differentiators capable of sustaining the company's market share. TWLO ranks among our top picks in our coverage.

We view consensus revenue estimates as easily achievable and think it unlikely that the easing of pandemic restrictions will slow global CPaaS adoption. With the pull-back in high-growth valuations, we see TWLO's current share price as an attractive entry point. Our $430 price target is equivalent to an EV/Sales multiple of ~22x our C22 estimate."

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 $367.61 yesterday.

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

You May Also Be Interested In

Related Categories

Analyst Comments, New Coverage

Related Entities

Needham & Company