Better Tech Stock: Twilio vs. Unity Software
(NYSE: TWLO) and Unity (NYSE: U) both hit their all-time highs during the buying frenzy in growth and meme stocks in 2021. Twilio's stock surged to $443.49 that February, representing a 2,857% gain from its initial public offering (IPO) price of $15 in 2016. Unity's stock hit $201.12 that November, marking a 287% rally from its IPO price of $52 in 2020.
But today, Twilio and Unity trade at about $60 and $15, respectively. Both stocks plummeted as their growth cooled and rising rates popped their bubbly valuations. So should contrarian investors still buy either of these fallen stocks?
Image source: Getty Images.
Source Fool.com
Twilio Inc Stock
€55.51
-0.050%
Our community is currently high on Twilio Inc with 18 Buy predictions and 3 Sell predictions.
As a result the target price of 69 € shows a positive potential of 24.3% compared to the current price of 55.51 € for Twilio Inc.
