Twilio Q3 Preview: 7 Recent Rating And Price Target Changes

Despite having reported four consecutive quarters of in-line or better earnings, Twilio Inc TWLO traded down 3 percent Wednesday ahead of its third-quarter release.

But Wall Street is notably optimistic on the name. Consensus reports a $39 average price target representing 29-percent upside, and the ratings ratio is 10 Buys to three Holds. No analysts have issued Sells.

In the last month, seven have updated coverage on the stock:

• Drexel Hamilton: Buy, $47 price target
• Northland Securities: Buy, $36 price target
• Baird Equity Research: Buy, $39 price target
• JPMorgan Securities: Buy, $38 price target
• MUFG Securities Americas: Buy
• KeyBanc: Hold
• Oppenheimer: Buy

Their positive perceptions are justified by overwhelmingly favorable quarterly news.

Throughout the period, Twilio improved its programmable video platform with multi-user augmented reality capabilities; reported an expanded partnership with Amazon.com, Inc. AMZN on Pinpoint’s two-way messaging; and fielded takeover rumors.

Twilio will report earnings Wednesday after market close. At time of publication, shares were trading at $27.54, down 18 percent over the last three months.

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