TWLO stock rose more than 3% on February 1, 2022, after news broke that Cathie Woods’s ARK Investment took a long position in the stock.
Cathie Wood’s ARK and BofA
Cathie Wood’s ARK Investment bought 63K shares of Twilio on February 1, 2022, for an estimated market value of $13 million.
BofA reinstates Twilio at Buy, sees sustainable 30%-plus growth
On January 28, 2022, BofA analyst Michael Funk reinstated coverage of Twilio with a Buy rating and $250 price target. As a pioneer and leader in the Communications Platform as a Service, or CPaaS, market, Twilio is poised for sustainable 30%-plus top-line growth for five-plus years, putting it on a path to $6.5B in revenueThe income statement provides a summary of a company's revenue and expenses over a specified period of time, typically a year or a quarter. It shows the company's total revenue, th... in FY24, Funk contends. The stock has recently been caught in the “software selloff landslide” caused by concerns about pandemic pull-forward of demand and uncertainty regarding the pace and path of interest rate increases, added Funk.
Twilio price target lowered to $250 from $375 at Mizuho
On January 28, 2022, Mizuho analyst Siti Panigrahi lowered the firm’s price target on Twilio to $250 from $375 and kept a Buy rating on the shares. Software-as-a-service momentum has stalled thus far in 2022 amid concerns over rising interest rates, Panigrahi tells investors in a research note. However, despite the “macro-driven selloff,” the analysts do not see any deterioration of fundamentals.
Twilio initiated with an Overweight at Atlantic Equities
On January 25, 2022, Atlantic Equities analyst Peter Sazel initiated coverage of Twilio with an Overweight rating and a $240 price target. Sazel believes the recent 58% selloff represents an attractive opportunity to enter a secular growth story of a significant enabler driving enterprises’ digital transformations; the analyst tells investors in a research note. He sees organic revenues accelerating after Q4 results, at which time the markets should start to focus on Twilio’s robust growth outlook.
Twilio initiated with a Buy at BTIG
On January 21, 2022, BTIG analyst Matt VanVliet initiated coverage of Twilio with a Buy rating and $260 price target. The company is the clear market leader in the nearly $80B CPaaS market that is growing more than 20% annually; the analyst tells investors in a research note. VanVliet adds that Twilio should continue to gain market share with the broadest and best product offering, elevated investment in R&D and M&A to maintain that competitive positioning, and accelerating end-market demand for omnichannel communications capabilities.
Twilio initiated with a Buy at Goldman Sachs
On December 16, 2021, Goldman Sachs analyst Kash Rangan initiated coverage of Twilio with a Buy rating and $350 price target. The analyst launched coverage on the communication and collaboration segment with a positive sector view. The 2020 cloud total addressable market of $19B implies a cloud penetration at 7% in 2020, which should increase to 29% in 2025, Rangan tells investors in a research note. The analyst says Twilio is at the center of customer engagement and that the pandemic highlighted the benefits of its stack and elevated its value proposition.
Twilio to Announce Fourth Quarter and Full Year 2021 Results on February 9, 2022
Twilio Inc. (NYSE: TWLO)(LTSE: TWLO), the leading cloud communications platform, will release its fourth quarter and full-year 2021 results on Wednesday, February 9, 2022, after market close.
📺 Twilio CEO says they feel good about the business despite shares dropping[embedyt] https://www.youtube.com/watch?v=0N7r6FFuFF8[/embedyt]
📉 TWLO Stock Technical Analysis
Both the long and short-term trends are negative. It is better to avoid buying stocks with negative trends. TWLO is one of the lesser performing stocks in the IT Services industry. 69% of 153 stocks in the same industry do better. TWLO is currently trading in the lower part of its 52-week range. The S&P500 Index however is trading in the upper part of its 52-week range, so TWLO is lagging the market.
There is support at 188.22 from a horizontal line in the weekly time frame.
There is a resistance zone ranging from 210.58 to 211.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames. There is resistance at 237.45 from a trend line in the daily time frame. There is also a resistance zone ranging from 244.77 to 248.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The technical rating of TWLO is bad and it also does not present a quality setup at the moment. TWLO stock has a Setup Rating of 3 out of 10. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first. Click here to sign up for email alerts on when TWLO stock consolidates and has a Setup Rating of 8 or higher.