1 AI Stock to Buy Hand Over Fist Before It Soars 86%, According to Wall Street
Technology stocks are in terrific form so far this year, which is evident from the 26% gains clocked by the Nasdaq-100 Technology Sector index in 2023. Cloud communications specialist (NYSE: TWLO) is one of the beneficiaries of this rally. Share prices of Twilio are up 20% in 2023.
But the stock has lost some momentum recently, falling 9% in the past three months. One reason is likely concerns from investors that its growth is slowing. First-quarter results, released on May 9, reaffirmed those fears and the stock plunged substantially.
But a closer look at Twilio's business suggests that now could be a good time to buy this cloud stock, especially considering that it could win big from artificial intelligence (AI). Let's look at why it could regain its mojo.
Source Fool.com
Twilio Inc Stock
Currently there is a rather positive sentiment for Twilio Inc with 13 Buy predictions and 3 Sell predictions.
With a target price of 67 € there is a positive potential of 32.25% for Twilio Inc compared to the current price of 50.66 €.
