TWLO Stock Price: $550 Target By Oppenheimer

By Amit Chowdhry ● November 16, 2020
  • Shares of Twilio Inc (NYSE: TWLO) have received a target price increase from $350 to $550 by Oppenheimer.. These are the details.

Shares of Twilio Inc (NYSE: TWLO) have received a target price increase from $350 to $550 by Oppenheimer. Oppenheimer analyst Ittai Kidron is also maintaining an “Outperform” rating on the shares. 

In a research note, Kidron acknowledged Twilio’s product differentiation and cited G2K customer traction. And customer traction with G2K customers have been rapidly growing. While Twilio’s G2K contribution is low compared to other software market leaders, it is set to rapidly accelerate and will facilitate Twilio’s effort to reach $4 billion in revenue.

Oppenheimer’s proprietary DBNE analysis is also suggesting a $470 million upside to the 2022 consensus. The Twilio target price was calculated by applying ServiceNow’s CY20 EV/sales multiple of 22.5x to TWLO’s CY23 base upside estimate discounted at 5%, according to Seeking Alpha.

Disclosure: I have a small TWLO position in my stock portfolio.