Could Twilio Stock Help You Become a Millionaire?
(NYSE: TWLO) likely minted a lot of millionaires in its first five years as a publicly traded company. The cloud-based communications software provider went public at $15 in June 2016, and it reached its all-time high of $443.49 in February 2021.
So if you had invested $40,000 in its initial public offering, that would have briefly blossomed to $1.18 million. But today, Twilio's stock trades at $59, and that investment would only be worth about $157,000. A nearly four-bagger gain in less than eight years is still impressive, but Twilio burned a lot of its investors who hopped aboard at the wrong time.
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Source Fool.com
Twilio Inc Stock
€56.78
-0.520%
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 23.28% for Twilio Inc compared to the current price of 56.78 €.
