Needham analyst Richard Valera maintained a Buy rating on Twilio (NYSE:TWLO) Inc on Tuesday, setting a price target of $340, which is approximately 3.12% above the present share price of $329.72.
Valera expects Twilio Inc to post earnings per share (EPS) of -$0.71 for the fourth quarter of 2020.
The current consensus among 22 TipRanks analysts is for a Strong Buy rating of shares in Twilio, with an average price target of $331.
The analysts price targets range from a high of $380 to a low of $255.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $400.85 million and a net profit of -$102.64 million. The company's market cap is $43.83 billion.
According to TipRanks.com, Needham analyst Richard Valera is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 18.3% and a 65.38% 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.