Wolfe Research Raises Twilio Price Target, Reiterates Outperform

July 12, 2021 11:33 AM | 1 min read |

Wolfe Research analyst Alex Zukin raised Twilio Inc's TWLO price target to $480 from $440, implying a 20.9% upside, reiterating an Outperform rating ahead of the Q2 results.
Zukin's conversations with ecosystems partners suggest continued strength at Twilio. The messaging and voice continue to serve as the company's key growth drivers. He also perceives strong segment momentum. Twilio remains a top long-term pick.
Twilio sees Q2 revenue guidance of $591 million - $601 million, compared to analyst consensus of $598.37 million. It sees an EPS loss of $(0.16) - $(0.13) against analyst consensus loss of $(0.13)
Price action: TWLO shares traded higher by 0.51% at $394.36 on the last check Monday.