TWLO - Twilio: A Rare Value Stock In The Tech Sector
2024-01-23 18:20:12 ET
Summary
- Twilio Inc. stock has been soaring amidst a tech sector melt-up.
- While growth has slowed, the company has executed on improving operating margins.
- Twilio maintains a net cash balance sheet and has an outstanding share repurchase program.
- While management might not be able to execute on returning top-line growth to the 15% to 25% level, the stock price is undemanding as it is.
- I reiterate my buy rating for Twilio stock.
A rising tide lifts all boats. Despite not yet seeing the long-anticipated acceleration in top-line growth, Twilio Inc. ( TWLO ) has seen its stock move sharply higher in recent weeks. I have found myself downgrading a lot of tech stocks lately due to unattractive valuations, but TWLO remains quite buyable at current levels....
Twilio: A Rare Value Stock In The Tech Sector