1 Incredibly Cheap Stock Down 21% to Buy Before It Jumps 95%
(NYSE: TWLO) investors have had a forgettable year so far. Shares of the cloud communications specialist lost 21% of their value in 2024, but the good part is that the recent stock price action points toward a turnaround in its fortunes.
The stock has gained 9% in the past couple of months, and its second-quarter 2024 results gave investors a reason to cheer. Let's see what has been working in Twilio's favor of late, and take a look at the possible reasons why this tech stock may be able to deliver more upside in the long run.
Twilio reported Q2 revenue growth of 4% from the year-ago period to $1.08 billion, with organic year-over-year revenue growth coming in at 7%. The top line exceeded Twilio's original guidance range of $1.05 billion to $1.06 billion.
Source Fool.com
Twilio Inc Stock
Our community is currently high on Twilio Inc with 20 Buy predictions and 3 Sell predictions.
As a result the target price of 69 € shows a positive potential of 27.1% compared to the current price of 54.29 € for Twilio Inc.
