In a remarkable display of resilience, Twilio (NYSE:) Inc’s stock has surged to a 52-week high, reaching a price level of $116.64. With a market capitalization of $17.67 billion and an impressive current ratio of 5.06, InvestingPro data shows the company maintains strong financial health with a “GREAT” overall score. This peak represents a significant turnaround for the cloud communications platform, which has seen its value soar by 59.99% over the past year. The company’s revenue grew by 5.77% in the last twelve months, and according to InvestingPro analysis, the stock appears slightly undervalued based on its Fair Value assessment. Investors have rallied behind Twilio’s innovative product offerings and strategic partnerships, propelling the stock to new heights and signaling strong confidence in the company’s growth trajectory and market position. Discover 12 additional exclusive ProTips and comprehensive analysis in the Pro Research Report, available with an InvestingPro subscription.
In other recent news, Twilio has been the subject of several analyst upgrades. Wolfe Research raised the company’s stock target to $155, maintaining an Outperform rating. This comes after Twilio’s Q3 2024 revenue saw a 10% year-over-year increase, reaching $1.13 billion. The company’s non-GAAP income from operations also rose to a record $182 million. Tigress Financial Partners and Monness, Crespi, Hardt have also upgraded Twilio’s stock to Buy, with a new price target set at $135.
Twilio’s Chief Legal Officer, Dana Wagner, has announced his resignation, effective from January 1, 2025, with no successor named yet. In addition, Twilio has launched a public beta release of Linked Audiences for Amazon (NASDAQ:) Redshift, a feature aimed at boosting customer engagement. This development has contributed to a 35% year-over-year increase in Twilio Segment’s growth in the AWS Marketplace.
Twilio projects a revenue growth of 7% to 8% for Q4 and fiscal 2025 and expects significant non-GAAP operating margin expansion in 2025. The company has also completed over $2.7 billion in aggregate repurchases as part of its $3 billion share repurchase authorization. These are the latest developments for Twilio.
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