Why Twilio Stock Popped This Week
Shares of (NYSE: TWLO) popped as much as 22.3% this week, according to data from S&P Global Market Intelligence. The digital verification, customer engagement, and application programming interface (API) company's CEO spoke at an investor conference this week and reaffirmed long-term financial guidance. Popular technology stocks like Twilio are also generally rising this week, spurred by the artificial intelligence (AI) revolution.
As of the market close on Thursday, May 25, shares of Twilio are up 15.4% this week but are still down 41% over the past 12 months.
A few days ago, Twilio CEO Jeff Lawson spoke at the J.P. Morgan global technology conference. Lawson reiterated that the company is moderating its corporate spending and aims to achieve profitable growth over the next few years. Lately this has been a big issue for Twilio, which has posted an operating loss every year for the last five, losing $933.5 million over the last 12 months alone.
Source Fool.com
Twilio Inc Stock
Our community is currently high on Twilio Inc with 18 Buy predictions and 3 Sell predictions.
As a result the target price of 70 € shows a positive potential of 26.31% compared to the current price of 55.42 € for Twilio Inc.
