Monness analyst Brian White has maintained their bullish stance on TWLO stock, giving a Buy rating today.
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Brian White’s rating is based on a combination of factors that highlight Twilio’s strong performance and potential for growth. Despite the company’s recent share price surge, he sees the current market conditions as a strategic opportunity for investors to buy during the stock’s temporary dip. The analyst notes Twilio’s impressive recovery from significant restructuring efforts, which have resulted in a more efficient cost structure and a clearer strategic focus.
Twilio’s financial results reveal an increase in revenue growth and an improved dollar-based net expansion rate, suggesting robust business momentum. The company’s active customer base has expanded significantly, reflecting its ability to attract and retain clients. Additionally, Twilio’s management has conveyed optimism for the upcoming fiscal year, supported by positive developments in their messaging and email services. Collectively, these factors justify Brian White’s decision to maintain a Buy rating on Twilio’s stock.
In another report released today, Goldman Sachs also maintained a Buy rating on the stock with a $185.00 price target.