Cathie Wood Loves This Slow-Growing Artificial Intelligence (AI) Stock. Is She Crazy -- or Crazy Like a Fox?
Ask Cathie Wood what her favorite stocks are these days. She's likely to mention (NYSE: TWLO). It ranks among the top 10 holdings for her Ark Innovation ETF and Ark Fintech Innovation ETF. Wood has also recently scooped more shares of Twilio for her Ark Next Generation Internet ETF.
But Twilio just reported year-over-year revenue growth in the third quarter of only 5%. Still, Wood loves this slow-growing artificial intelligence (AI) stock. Is she crazy -- or crazy like a fox?
Investors reacted positively to Twilio's Q3 update on Wednesday. The company, which operates a customer engagement platform, reported better-than-expected revenue of $1.03 billion. It also handily beat the consensus Wall Street earnings estimate with adjusted earnings of $0.58 per share.
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 €.
