Twilio's Stock Is Experiencing a Rally. Time to Buy?
While a few stocks from the 2020 and 2021 tech hype have emerged just fine from the crash of 2022, Twilio (NYSE: TWLO) has not. The stock is down 85% from its all-time high set in 2021 but has seen a better 2023, with it up around 40% year to date.
Although that's an impressive run for most years, it still lags behind some of its software peers. Plus, a lot of its run-up can be attributed to the cheap valuation it entered the year at.
But has Twilio's stock come too far, too fast? Or is this rally due to continue?
Source Fool.com
Twilio Inc Stock
€55.68
-1.110%
Currently there is a rather positive sentiment for Twilio Inc with 13 Buy predictions and 3 Sell predictions.
With a target price of 66 € there is a slightly positive potential of 18.53% for Twilio Inc compared to the current price of 55.68 €.
