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This Growth Stock Could Triple Once Again This Year

TheMotleyFool

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This Growth Stock Could Triple Once Again This Year

Twilio (NYSE: TWLO) was one of the hottest stocks on the market last year. Share prices for the cloud communications specialist more than tripled in 2020 as the novel coronavirus pandemic accelerated the shift toward cloud-based contact centers.

Based on its latest results and guidance, Twilio is looking like it could replicate that terrific performance in 2021. And with Twilio stock already up over 25% in less than two months this year, there's the possibility of a rerun of the 2020 rally.