All The Ratings And Price Targets On Twilio Ahead Of Its Q2 Print

Twilio Inc TWLO is set to report second-quarter earnings Tuesday after the market close. Shareholders are hoping for signs of positive momentum from the cloud communications stock, and Wall Street is mostly optimistic about the outlook for Twilio.

Wall Street analysts are expecting Twilio to report earnings per share of -11 cents on revenue of $86.23 billion on the quarter, according to Estimize. That revenue number would represent impressive 48 percent year-over-year growth following the 47-percent growth the company reported in the first quarter.

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Twilio stock is up 4.4 percent year to date, but Wall Street sees higher prices ahead. According to CNN Money, the 14 analysts who currently cover Twilio have a median price target of $34 for the stock, suggesting 13.2 percent upside. Of the 14 analysts, nine have Buy/Outperform ratings, five have Hold/Neutral ratings and none have Underperform Sell ratings.

The high price target among the 14 analysts is $44, and the low price target is $23.

So far in 2017, Wall Street analysts have stayed mostly bullish on the stock. Here’s a summary of all the price target and ratings changes on Twilio so far this year:

• Jan. 5: Pacific Crest upgraded Twilio from Sector Weight to Overweight.
• Jan. 10: Canaccord Genuity upgraded Twilio from Hold to Buy and set at $35 price target.
• Feb. 1: JMP Securities upgraded Twilio from Market Perform to Market Outperform.
• March 6: Northland Capital upgraded Twilio from Market Perform to Outperform.
• April 7: JPMorgan upgraded Twilio from Neutral to Overweight.
• May 3: Pacific Crest downgraded Twilio from Overweight to Sector Weight.
• July 11: Baird initiated coverage on Twilio with an Overweight rating.

At last check, shares of Twilio were up 4.42 percent at $30.48.