's (NYSE: TWLO) stock caught on fire during the buying frenzy in growth stocks two years ago. The cloud-based communication software provider's shares closed at a record high of $443.49 on Feb. 18, 2021, marking a whopping 2,857% gain from its IPO price of $15 in 2016. But today, Twilio's stock only trades at about $60.
Therefore, a $1,000 investment in Twilio's IPO would have briefly blossomed to nearly $30,000 before withering to about $4,000 today. Many investors likely regret not selling their shares at the top, but a four-bagger gain in seven years isn't too shabby. Let's review the bear and bull cases to see if Twilio's stock is still worth buying after those gut-wrenching declines.
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Source Fool.com