Fintel reports that on August 10, 2023, Goldman Sachs maintained coverage of Twilio Inc (NYSE:TWLO) with a Neutral recommendation.

Analyst Price Forecast Suggests 14.98% Upside

As of August 2, 2023, the average one-year price target for Twilio Inc is 68.63. The forecasts range from a low of 50.50 to a high of $157.50. The average price target represents an increase of 14.98% from its latest reported closing price of 59.69.

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The projected annual revenue for Twilio Inc is 4,519MM, an increase of 11.53%. The projected annual non-GAAP EPS is 0.18.

What is the Fund Sentiment?

There are 1106 funds or institutions reporting positions in Twilio Inc. This is an increase of 15 owner(s) or 1.37% in the last quarter. Average portfolio weight of all funds dedicated to TWLO is 0.28%, an increase of 6.29%. Total shares owned by institutions increased in the last three months by 4.54% to 161,732K shares. The put/call ratio of TWLO is 0.66, indicating a bullish outlook.

What are Other Shareholders Doing?

Generation Investment Management Llp holds 7,557K shares representing 4.11% ownership of the company. In it’s prior filing, the firm reported owning 7,286K shares, representing an increase of 3.58%. The firm increased its portfolio allocation in TWLO by 30.19% over the last quarter.

ARK Investment Management holds 7,038K shares representing 3.83% ownership of the company. In it’s prior filing, the firm reported owning 6,250K shares, representing an increase of 11.20%. The firm increased its portfolio allocation in TWLO by 3.58% over the last quarter.

Sumitomo Mitsui Trust Holdings holds 6,025K shares representing 3.28% ownership of the company. In it’s prior filing, the firm reported owning 5,091K shares, representing an increase of 15.49%. The firm increased its portfolio allocation in TWLO by 18.12% over the last quarter.

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 5,404K shares representing 2.94% ownership of the company. In it’s prior filing, the firm reported owning 5,314K shares, representing an increase of 1.67%. The firm increased its portfolio allocation in TWLO by 27.79% over the last quarter.

Voya Investment Management holds 4,818K shares representing 2.62% ownership of the company. In it’s prior filing, the firm reported owning 1,357K shares, representing an increase of 71.83%. The firm increased its portfolio allocation in TWLO by 83.37% over the last quarter.

Twilio Background Information
(This description is provided by the company.)

Millions of developers around the world have used Twilio to unlock the magic of communications to improve any human experience. Twilio has democratized communications channels like voice, text, chat, video, and email by virtualizing the world’s communications infrastructure through APIs that are simple enough for any developer to use, yet robust enough to power the world’s most demanding applications. By making communications a part of every software developer’s toolkit, Twilio is enabling innovators across every industry – from emerging leaders to the world’s largest organizations – to reinvent how companies engage with their customers.

This article originally appeared on Fintel

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