2 Stocks on My Watchlist for 2024
It's always a good idea for investors to have a long list of stocks they've fully researched ready to go in case the stock market tumbles. Opportunities to buy great companies at great prices don't come often and don't last long.
Two stocks I'll be keeping tabs on throughout 2024 are (NYSE: TWLO) and Cloudflare (NYSE: NET). Both are too expensive for me at the moment, but at the right price, I could see either one in my portfolio.
Shares of communications platform Twilio are down more than 80% from their pandemic-era high. This isn't a case of the market overreacting. Twilio's growth has slowed to a crawl, prompting the company last year to reorganize its business into two distinct parts. The communications segment, which houses the company's mature products, would focus on efficiency and profit. The data and applications segment, comprised of high-value software products, would aim to accelerate growth.
Source Fool.com
Twilio Inc Stock
Currently there is a rather positive sentiment for Twilio Inc with 10 Buy predictions and 3 Sell predictions.
With a target price of 67 € there is a slightly positive potential of 17.15% for Twilio Inc compared to the current price of 57.19 €.
