On August 7, Twilio surged 22.63% in regular trading, trading at $239.185/share, with turnover of $119 million. The rally was driven by the company's second-quarter earnings report that comprehensively exceeded market expectations.
Twilio reported Q2 adjusted EPS of $1.47, beating the consensus estimate of $1.32, while revenue came in at $1.50 billion versus the expected $1.43 billion, representing approximately 22% year-over-year growth. The Q3 guidance was equally robust, with projected revenue of $1.51-$1.52 billion surpassing the Street's $1.47 billion estimate, and adjusted EPS guidance of $1.42-$1.47 versus the $1.40 consensus. AI-driven messaging and voice consumption demand remained strong, fueling growth momentum.
Following the results, Morgan Stanley raised its price target to $261 from $200 while maintaining an Overweight rating. Stifel had previously upgraded the stock to Buy with a $260 target, while Tigress set a $255 target. The average analyst price target now stands at $234.93 with an Overweight consensus rating.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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