Should You Buy This Stock That Wall Street Is Projecting Will Double?
While using Wall Street analysts' projections to blindly buy and sell point for stocks probably isn't the greatest strategy, it's never a bad idea to double-check with a few of them to ensure you're not missing any vital information before making an investment decision. These analysts may have different goals and timelines than you, so their words shouldn't be the final say in an investment decision.
Still, analysts can also help investors identify stocks that are undervalued which, after further research, could lead to a great investment idea. One stock that many analysts now think is primed to skyrocket is Twilio (NYSE: TWLO). Right now, among the 27 analysts covering the stock, the average 12-month price target for Twilio sits at $136.85. That's 90% higher than where it trades today, which would be a pretty solid return. So should investors trust those projections and purchase Twilio shares?
If you live in the U.S., it's nearly impossible for you to have avoided getting a two-factor authentication code or doctor's appointment reminder sent to your phone via text. You've also likely seen personalized marketing emails tailored to your preferences. These actions are all in pursuit of a better customer experience and are likely powered by Twilio's APIs (application program interfaces).
Source Fool.com
