Twilio's (NYSE: TWLO) stock more than doubled over the past 12 months as the cloud services provider attracted the bulls with its robust revenue growth. However, Twilio now trades at 24 times this year's sales estimate, making it a pricey stock in an expensive sector.
Let's examine Twilio's business, strengths, and weaknesses to see if its high-flying stock still has room to soar.
Twilio's cloud platform processes calls, text messages, videos, and other content for mobile apps. Developers simply add a few lines of code to their apps to outsource those services to Twilio. Popular apps like Airbnb, Lyft (NASDAQ: LYFT), and Instacart all access Twilio's services for integrated messages and calls.
Source Fool.com