Why Twilio Stock Is Still a Buy After Gaining 160% This Year
Shares of Twilio (NYSE: TWLO) are up over 160% so far in 2020. The company is getting a boost from the pandemic as its customers both old and new scramble to update their operations for a new digital age. Plus, at the onset of the year, the stock was attractively priced, so positive results were bound to lift shares higher.
But after the big run-up, a few things may give investors pause. After all, the stock is trading for some 21 times forward revenue estimates -- a steep price tag even if this is a high-growth software technologist. However, for investors looking at the opportunity over the next decade, the timing may not be perfect, but Twilio remains a buy.
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Source Fool.com
