Twilio Inc TWLO 1.81% is set to report second-quarter earnings Tuesday after the market close. Shareholders are hoping for signs of positive momentum from the cloud communications stock, and Wall Street is mostly optimistic about the outlook for Twilio.
Wall Street analysts are expecting Twilio to report earnings per share of -11 cents on revenue of $86.23 billion on the quarter, according to Estimize. That revenue number would represent impressive 48 percent year-over-year growth following the 47-percent growth the company reported in the first quarter.
Twilio stock is up 4.4 percent year to date, but Wall Street sees higher prices ahead. According to CNN Money, the 14 analysts who currently cover Twilio have a median price target of $34 for the stock, suggesting 13.2 percent upside. Of the 14 analysts, nine have Buy/Outperform ratings, five have Hold/Neutral ratings and none have Underperform Sell ratings.
The high price target among the 14 analysts is $44, and the low price target is $23.
So far in 2017, Wall Street analysts have stayed mostly bullish on the stock. Here’s…
Click here to continue reading
Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!