Twilio (TWLO) Price Target Raised to $42.00 at JPMorgan Chase & Co.

Twilio (NYSE:TWLO) had its price target boosted by equities research analysts at JPMorgan Chase & Co. from $40.00 to $42.00 in a research report issued on Wednesday. The firm presently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 58.85% from the company’s previous close.

A number of other analysts have also commented on the stock. Robert W. Baird restated a “buy” rating and set a $37.00 price target on shares of Twilio in a research note on Friday, November 10th. Zacks Investment Research lowered shares of Twilio from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. Northland Securities set a $36.00 price target on shares of Twilio and gave the company a “buy” rating in a research note on Monday, November 13th. Oppenheimer restated a “buy” rating and set a $38.00 price target on shares of Twilio in a research note on Tuesday, January 2nd. Finally, Canaccord Genuity restated a “buy” rating and set a $38.00 price target on shares of Twilio in a research note on Wednesday, December 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $36.75.

Twilio (TWLO) opened at $26.44 on Wednesday. Twilio has a 1 year low of $22.80 and a 1 year high of $34.74. The stock has a market cap of $2,399.22, a price-to-earnings ratio of -41.31 and a beta of 2.62.

Twilio (NYSE:TWLO) last announced its quarterly earnings results on Tuesday, February 13th. The technology company reported ($0.03) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.18) by $0.15. Twilio had a negative net margin of 15.69% and a negative return on equity of 17.55%. equities research analysts expect that Twilio will post -0.75 earnings per share for the current year.

In related news, CFO Lee Kirkpatrick sold 7,000 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $25.89, for a total transaction of $181,230.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Karyn Smith sold 4,213 shares of the stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $25.54, for a total transaction of $107,600.02. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,222 shares of company stock valued at $850,128. Company insiders own 25.03% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Thompson Davis & CO. Inc. grew its position in Twilio by 36.8% during the third quarter. Thompson Davis & CO. Inc. now owns 6,500 shares of the technology company’s stock valued at $194,000 after buying an additional 1,750 shares during the period. New York State Common Retirement Fund grew its position in Twilio by 2.9% during the third quarter. New York State Common Retirement Fund now owns 68,400 shares of the technology company’s stock valued at $2,042,000 after buying an additional 1,900 shares during the period. Janney Montgomery Scott LLC grew its position in Twilio by 22.0% during the third quarter. Janney Montgomery Scott LLC now owns 13,340 shares of the technology company’s stock valued at $398,000 after buying an additional 2,410 shares during the period. Fortaleza Asset Management Inc. grew its position in Twilio by 47.0% during the third quarter. Fortaleza Asset Management Inc. now owns 7,635 shares of the technology company’s stock valued at $228,000 after buying an additional 2,440 shares during the period. Finally, Pacer Advisors Inc. grew its position in Twilio by 56.0% during the third quarter. Pacer Advisors Inc. now owns 8,010 shares of the technology company’s stock valued at $239,000 after buying an additional 2,875 shares during the period. Institutional investors own 59.99% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Twilio (TWLO) Price Target Raised to $42.00 at JPMorgan Chase & Co.” was first published by American Banking News and is the sole property of of American Banking News. If you are reading this report on another domain, it was copied illegally and reposted in violation of US and international copyright laws. The correct version of this report can be accessed at https://www.americanbankingnews.com/2018/02/14/twilio-twlo-price-target-raised-to-42-00-at-jpmorgan-chase-co.html.

Twilio Company Profile

Twilio Inc offers Cloud Communications Platform, which enables developers to build, scale and operate real-time communications within software applications. The Company’s platform consists of Programmable Communications Cloud, Super Network and Business Model for Innovators. Its Programmable Communications Cloud software enables developers to embed voice, messaging, video and authentication capabilities into their applications through its Application Programming Interfaces (APIs).

Analyst Recommendations for Twilio (NYSE:TWLO)

Receive News & Ratings for Twilio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twilio and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply