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Should You Buy #1 (Strong Buy)-Ranked Twilio (TWLO) for Your Portfolio?
Twilio was upgraded to the Zacks Rank #1 list on November 6, 2024. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.
Headquartered in San Francisco, Twilio Inc. was founded in 2007 and got listed on the NYSE in Jun 2016. Twilio provides Cloud Communications Platform-as-a-Service. The company enables developers to build, scale and operate real-time communications within software applications. The company’s platform consists of three layers, Engagement Cloud, Programmable Communications Cloud and Super Network.
Nine analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.23 to $3.64 per share. TWLO also boasts an average earnings surprise of 31%.
Analysts are expecting earnings to grow 48.6% for the current fiscal year, with revenue forecasted to rise 6.3%.
Even more impressive, TWLO has gained in value over the past four weeks, up 8.3% compared to the S&P 500's gain of 0.4%.
Bottom Line
With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Twilio could be just the stock to help your portfolio generate returns that could fund your retirement, your kids' college tuition, or your short- and long-term savings goals.
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