Why Twilio Stock Jumped 20% Today
Shares of (NYSE: TWLO) were up by 20.4% at 3:21 p.m. ET, boosted by a bullish analyst note. After this jump, the stock has nearly doubled in 52 weeks.
TD Cowen analyst Derrick Wood reiterated his "buy" rating on Twilio stock with a price target of $210. The stock closed last Friday's trading at $191 per share. Wood may need to reset his price target, as the report itself already lifted Twilio's stock price above it.
After interviewing Twilio executives at last week's TD Cowen tech sector conference, Wood argued that Twilio's turnaround is complete after a 3-year "reset." The maker of software-building tools benefits from the AI boom. Twilio's strongest offerings at the moment include voice-driven commands, automated workflows, and flexibility with bring-your-own-LLM.
Source Fool.com
Twilio Inc Stock
The stock is one of the favorites of our community with 50 Buy predictions and 1 Sell predictions.
At the moment Twilio Inc has reached the predicted target price of 224 €, with a current price of 221.8 €.
