Twilio Stock Is a Winner, But How Much Higher Can It Go in 2020?

For the past six weeks, several analysts on Wall Street have sung a bullish tune about shares of cloud communications giant Twilio (NYSE:TWLO). Specifically, Bank of America, Northland Securities and Oppenheimer have all come out and called Twilio stock a “top pick” over the past six weeks, citing strong fundamental momentum and a relatively attractive valuation. KeyBanc also recently chimed in with much of the same bullish messaging.

Are all these analysts right? Will Twilio turn into a top performer in 2020?

They’re right about one thing: Twilio stock is a winner. In the long run, a big pivot towards text-based, business-to-consumer (B2C) communication will propel huge revenue, profits

Article source: https://investorplace.com/2020/01/twilio-stock-is-a-winner-but-how-much-higher-can-it-go-in-2020/