Twilio Likely To Post Q2 Profit; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Twilio Inc. TWLO is expected to report its second quarter financial results, after the closing bell on Aug. 8, 2023.

Analysts expect the company to post quarterly earnings at 30 cents per share, compared to a year-ago loss of 11 cents per share. The company’s revenue might come in at $985.96 million, up from $943.35 million in the year-ago period.

Twilio shares rose 0.5% to close at $61.59 on Monday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Morgan Stanley analyst Meta Marshall maintained an Overweight rating and raised the price target from $65 to $75 on July 19, 2023. This analyst has an accuracy rate of 73%.
• Baird analyst William Power maintained a Neutral rating and cut the price target from $80 to $56 on May 12, 2023. This analyst has an accuracy rate of 86%.
• Goldman Sachs analyst Kash Rangan downgraded the stock from Buy to Neutral and slashed the price target from $90 to $53 on May 11, 2023. This analyst has an accuracy rate of 65%.
• Oppenheimer analyst Ittai Kidron maintained an Outperform rating and reduced the price target from $85 to $75 on May 10, 2023. This analyst has an accuracy rate of 68%.
• Canaccord Genuity analyst Michael Walkley maintained a Buy rating and cut the price target from $97 to $75 on May 10, 2023. This analyst has an accuracy rate of 78%.

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