Twilio Is Getting a New Management Team, Time to Shop the Stock for 2024?
Twilio (NYSE: TWLO) has been a disaster of a business after the fallout from the pandemic a couple of years ago. Despite operating at a $4 billion-per-year revenue run-rate (up more than 500% in five years) and sitting on a mountain of cash, the cloud-based communications business has struggled mightily with profitability.
As a result, share prices remain down nearly 20% from where they were at the beginning of 2019, despite Twilio's stock notching a 55% rally in 2023.
Twilio set out to fix many of its issues this last year, but in the minds of many investors, a bigger change in upper management was needed. Twilio just made such a change, with co-founder and CEO Jeff Lawson announcing his departure to kick off 2024. Does this make Twilio's stock a buy?
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 17.13% for Twilio Inc compared to the current price of 57.2 €.
