Is This Cathie Wood Growth Stock Flying Under the Radar?
2023 has been an exciting year for the technology sector. Artificial intelligence (AI) advancements have enthusiasm rising across many different industries and use cases. As a result, several names in tech have witnessed ballooning valuations.
But one company has been quietly flying under the radar. Communications and customer engagement platform (NYSE: TWLO) has been no stranger to challenges this year. While the stock is up over 20%, it is down significantly from its highs a couple of years ago.
That said, Ark Invest CEO Cathie Wood has been an avid buyer of Twilio for the last couple of years. The technology investor has accumulated almost 7 million shares of Twilio, spread across three of her exchange-traded funds. Moreover, I believe that Wood has done a stellar job showing her support, as evidenced by consistently dollar-cost averaging into the stock throughout its volatile price movements.
Source Fool.com
Twilio Inc Stock
The stock is one of the favorites of our community with 49 Buy predictions and 2 Sell predictions.
As a result the target price of 131 € shows a positive potential of 31.16% compared to the current price of 99.88 € for Twilio Inc.
