Could Twilio Stock Help You Become a Millionaire?
(NYSE: TWLO) likely minted a lot of millionaires in its first five years as a publicly traded company. The cloud-based communications software provider went public at $15 in June 2016, and it reached its all-time high of $443.49 in February 2021.
So if you had invested $40,000 in its initial public offering, that would have briefly blossomed to $1.18 million. But today, Twilio's stock trades at $59, and that investment would only be worth about $157,000. A nearly four-bagger gain in less than eight years is still impressive, but Twilio burned a lot of its investors who hopped aboard at the wrong time.
Image source: Getty Images.
Source Fool.com
Twilio Inc Stock
€57.50
-0.260%
Our community is currently high on Twilio Inc with 10 Buy predictions and 3 Sell predictions.
As a result the target price of 67 € shows a slightly positive potential of 16.52% compared to the current price of 57.5 € for Twilio Inc.
