Twilio (TWLO) Gets a Hold Rating from Monness

In a report released today, Brian White from Monness maintained a Hold rating on Twilio (TWLOResearch Report). The company’s shares closed last Thursday at $392.20.

According to TipRanks.com, White is a top 100 analyst with an average return of 28.6% and a 77.4% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA, Alphabet Class A, and Salesforce.

Currently, the analyst consensus on Twilio is a Strong Buy with an average price target of $456.15.

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Based on Twilio’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $590 million and GAAP net loss of $207 million. In comparison, last year the company earned revenue of $365 million and had a GAAP net loss of $94.79 million.

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Founded in 2008, California-based Twilio, Inc. provides a cloud communications platform that allows software developers to programmatically make and receive phone calls, send and receive text messages, and perform other communication functions using its web service APIs (Application Programming Interfaces).