Better Buy: Twilio vs. Zoom Video Communications
(NYSE: TWLO) and Zoom Video Communications (NASDAQ: ZM) both make it easier to communicate across the internet with their cloud-based platforms. Twilio's platform processes text messages, voice calls, videos, and verification features for mobile apps. Zoom's brand became synonymous with video calls during the pandemic.
Both stocks attracted a stampede of bulls during the buying frenzy in growth and meme stocks throughout late 2020 and 2021. However, both were crushed in 2022 as rising interest rates drove investors toward more conservative investments. As a result, Twilio and Zoom now both trade about 90% below their all-time highs.
Should investors buy either of these fallen tech stocks before a new bull market starts? Let's take a look.
Source Fool.com
Twilio Inc Stock
Currently there is a rather positive sentiment for Twilio Inc with 18 Buy predictions and 3 Sell predictions.
With a target price of 70 € there is a positive potential of 26.97% for Twilio Inc compared to the current price of 55.13 €.
