Twilio (NYSE: TWLO) was one of the more notable decliners in the 2021-22 bear market. After reaching a high of $457 per share two years ago, it fell as low as $41 per share in late 2022, a drop of 91%.

Since that time, Twilio has bounced back, surging above the $60 level. That may leave investors questioning whether that move is the beginning of a recovery or a bear market rally for the SaaS stock. Let's take a closer look.

Twilio is the leading provider in the communications platform-as-a-service (CPaaS) space. Its CPaaS services make emerging businesses such as Uber, DoorDash, and Airbnb possible by facilitating text, voice, and video communications.

Continue reading

Source Fool.com