Is Twilio Stock a Buy?
Twilio (NYSE: TWLO) has been an absolutely terrible investment over the past year. The current bear market has exacted a heavy toll on many stocks, but Twilio has been hit especially hard and is down 81% from its all-time highs.
The past year doesn't tell the whole story, though, as Twilio is still beating the market since its summer 2016 IPO. Even after its precipitous fall, Twilio stock is up 210% since its publicly traded debut, compared to a total return of 192% for the Nasdaq 100 and 110% for the S&P 500 over that same time span. If Twilio can sustain its growth and start generating meaningful profits in the next few years, this stock could soar even higher.
A decade-plus of cloud computing development got put to the test early in the pandemic -- and proved to be a lifesaver for countless individuals and businesses. The cloud helps unlock operational flexibility and is a big cost saver. Cloud-based communications, in particular, were especially important. Zoom Video Communications is an example of a major beneficiary, going from an obscure subscription-software provider to an overnight household name back in 2020.
Source Fool.com
