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home / news releases / TWLO - Twilio's stellar growth story prompts BofA bullish initiation

TWLO - Twilio's stellar growth story prompts BofA bullish initiation

Twilio Inc. Class A
Citing "the never ending growth story," BofA reinstates Twilio (TWLO) with a Buy rating and a $480 price target.Analyst Daniel Bartus says the communications platform as a service company is positioned for sustainable 30%+ revenue growth for 5+ years.The analyst says Twilio's growth profile is supported by increased usage during the digital transformation shift and more mainstream adoption of CPaaS solutions.The strong growth story justifies a premium valuation for Twilio, says Bartus.Twilio shares are down slightly pre-market to $366.02.Related: Last month, Twilio acquired India-based CPaaS player ValueFirst.

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Twilio's stellar growth story prompts BofA bullish initiation
Stock Information
Company Name: Twilio Inc. Class A
Stock Symbol: TWLO
Market: NYSE
Website: twilio.com
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