CIBC Reiterates Outperform Rating for Twilio Inc (TWLO)

Twilio Inc (NYSE:TWLO)‘s stock had its “outperform” rating reiterated by CIBC in a research report issued on Tuesday. They currently have a $38.00 price target on the technology company’s stock. CIBC’s price target points to a potential upside of 55.10% from the stock’s previous close.

Several other equities analysts have also commented on TWLO. JMP Securities raised shares of Twilio from a “market perform” rating to an “outperform” rating and set a $35.00 price target for the company in a research report on Wednesday, February 1st. Drexel Hamilton reaffirmed a “buy” rating and set a $45.00 price target on shares of Twilio in a research report on Monday, February 6th. Canaccord Genuity reaffirmed a “buy” rating and set a $40.00 price target on shares of Twilio in a research report on Wednesday, February 8th. Pacific Crest upped their price target on shares of Twilio from $36.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 8th. Finally, William Blair reaffirmed an “outperform” rating on shares of Twilio in a research report on Wednesday, February 8th. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $35.57.

Analyst Recommendations for Twilio (NYSE:TWLO)

Twilio (NYSE:TWLO) last posted its quarterly earnings data on Tuesday, May 2nd. The technology company reported ($0.14) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.14). The firm had revenue of $87.37 million during the quarter, compared to analyst estimates of $83.57 million.

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In other Twilio news, CFO Lee Kirkpatrick sold 12,757 shares of the stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $30.96, for a total transaction of $394,956.72. Following the transaction, the chief financial officer now directly owns 17,292 shares in the company, valued at approximately $535,360.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Karyn Smith sold 5,213 shares of the stock in a transaction on Monday, March 20th. The shares were sold at an average price of $31.20, for a total transaction of $162,645.60. The disclosure for this sale can be found here. Insiders have sold a total of 38,582 shares of company stock worth $1,161,678 over the last quarter.

Twilio Company Profile

Twilio Inc offers Cloud Communications Platform, which enables developers to build, scale and operate real-time communications within software applications. The Company’s platform consists of Programmable Communications Cloud, Super Network and Business Model for Innovators. Its Programmable Communications Cloud software enables developers to embed voice, messaging, video and authentication capabilities into their applications through its Application Programming Interfaces (APIs).

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