Why Twilio Stock Is Trading Higher Today
Portfolio Pulse from Adam Eckert
Twilio Inc (NYSE:TWLO) reported better-than-expected Q2 financial results, with revenue increasing 10% YoY to $1.04 billion, beating the consensus estimate of $984.52 million. The company also reported quarterly earnings of 54 cents per share, surpassing analyst estimates of 29 cents per share. Following the results, Needham analyst Ryan Koontz maintained a Buy rating for Twilio and raised the price target from $65 to $75.
August 09, 2023 | 12:16 pm
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POSITIVE IMPACT
Twilio's better-than-expected Q2 results and the raised price target by Needham analyst could positively impact the company's stock.
Twilio's Q2 results exceeded expectations, which is a positive signal to investors. Additionally, the raised price target by Needham analyst indicates a positive outlook for the company, which could lead to an increase in the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100