Rosenblatt Securities Has Increased The Price Target Of TWLO To $550

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TWLO
TWLO

In a bizarre stock market session, the stocks of TWLO saw their price target increased by Rosenblatt Securities from $450 to $550 in a Thursday research note. According to reports, the brokerage has prescribed a rating of buy on the stock of this technology company. The price target set by Rosenblatt Securities indicates an annual growth rate of about 24.03% on the price of the stocks of TWLO.

Stock Options of TWLO

There have been quite a few firms that have commented on the stocks of TWLO. Oppenheimer has already increased the price target of the company from a sum of $350 to $550, along with a rating of outperform in a 16th November research report. Cowen also increased the price target of the company from $440 to $540, along with a rating of outperform prescribed in a Thursday research note. Canaccord Genuity went the same path, as they lifted the price they had set on the company from $385 to $510. They also gave the company a rating of buy. In the end, Needham & Company LLC reaffirmed their rating of buy with a price target of $500 set on the firm.

Two of the analysts that had been working the stocks of TWLO gave it a rating of hold, while twenty-one of the research analysts gave the firm a rating of buy. Currently, the company has a buy rating with a $432.25 price target.

The stocks of TWLO traded on Thursday at $31.80, where it reached $443.45. The year low of the company has been $68.06, while the year high of the company has been at an incredible $441.19. The market cap of the company over this period has been fixed at $66.94 billion, with a 1.51 beta. The moving average price of the company over 50-days is $379.79, while the moving average price of the company over 200-days is $309.32. TWLO enjoys a 10.94 quick ratio.