Canaccord Genuity analyst Michael Walkley maintained a Buy rating on Twilio (NYSE:TWLO) Inc on Thursday, setting a price target of $310, which is approximately 26.79% above the present share price of $244.49.
Walkley expects Twilio Inc to post earnings per share (EPS) of -$0.68 for the third quarter of 2020.
The current consensus among 21 TipRanks analysts is for a Strong Buy rating of shares in Twilio, with an average price target of $294.5.
The analysts price targets range from a high of $335 to a low of $225.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $364.87 million and a net profit of -$92.7 million. The company's market cap is $34.49 billion.
According to TipRanks.com, Canaccord Genuity analyst Michael Walkley is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 20.1% and a 66.08% success rate.
Twilio, Inc. engages in the development of communications software, cloud-based platform, and services. Its platform consists of the following layers: engagement cloud, programmable communications cloud, and super network. The engagement cloud software addresses use cases like account security and contact centers and is a set of Application Programming Interfaces (APIs) that handles the higher-level communication logic needed for nearly every type of customer engagement. The Programmable communications cloud software is a set of APIs that enables developers to embed voice, messaging, and video capabilities into their applications. The super network is a software layer that allows customers' software to communicate with connected devices globally. The company was founded by John Wolthuis, Jeffery G. Lawson, and Evan Cooke in March 2008 and is headquartered in San Francisco, CA.