We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Shares of Twilio (TWLO - Free Report) gained nearly 5% in morning trading Friday after the cloud communications platform received a favorable rating in a key analyst note, which also suggested that Amazon (AMZN - Free Report) was a beneficial partner for the company.
JPMorgan analyst Mark Murphy upgraded Twilio to “overweight” from “neutral,” setting a price target of $36 per share for the stock. This would represent a nearly 34% increase from Thursday’s closing price.
“As the only public pure-play CPaaS (communications platform as a service) on the public market, Twilio's growth in our opinion will continue to be fueled by the proliferation of cloud and mobile application development that is reflective of its strong customer base which includes Uber, WhatsApp, Airbnb, and other industry leaders,” Murphy said in the note.
Murphy also mentioned that Amazon was “more partner than competitor.” The e-commerce giant has invested in Twilio, whose cloud infrastructure and product offerings heavily rely on Amazon Web Services.
Twilio provides real-time messaging services that allow businesses to quickly communicate with clients. You may not recognize the brand’s name, but you have likely interacted with its technology if you have reset your password on one of its many clients’ sites. The company boasts an impressive customer list that includes the likes of Facebook’s WhatsApp, Uber, and Netflix (NFLX - Free Report) .
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, and for the next month, you can follow all Zacks’ private buys and sells in real time. Our experts cover all kinds of trades: value, momentum, ETFs, stocks under $10, stocks that corporate insiders are buying up, and companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report predicting the 7 stocks that will soar highest in the coming month.
Image: Bigstock
Here's Why Twilio (TWLO) Stock Jumped Today
Shares of Twilio (TWLO - Free Report) gained nearly 5% in morning trading Friday after the cloud communications platform received a favorable rating in a key analyst note, which also suggested that Amazon (AMZN - Free Report) was a beneficial partner for the company.
JPMorgan analyst Mark Murphy upgraded Twilio to “overweight” from “neutral,” setting a price target of $36 per share for the stock. This would represent a nearly 34% increase from Thursday’s closing price.
“As the only public pure-play CPaaS (communications platform as a service) on the public market, Twilio's growth in our opinion will continue to be fueled by the proliferation of cloud and mobile application development that is reflective of its strong customer base which includes Uber, WhatsApp, Airbnb, and other industry leaders,” Murphy said in the note.
Murphy also mentioned that Amazon was “more partner than competitor.” The e-commerce giant has invested in Twilio, whose cloud infrastructure and product offerings heavily rely on Amazon Web Services.
Twilio provides real-time messaging services that allow businesses to quickly communicate with clients. You may not recognize the brand’s name, but you have likely interacted with its technology if you have reset your password on one of its many clients’ sites. The company boasts an impressive customer list that includes the likes of Facebook’s WhatsApp, Uber, and Netflix (NFLX - Free Report) .
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, and for the next month, you can follow all Zacks’ private buys and sells in real time. Our experts cover all kinds of trades: value, momentum, ETFs, stocks under $10, stocks that corporate insiders are buying up, and companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>