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Shares of Twilio (NYSE: TWLO) marched sharply higher Wednesday, surging as much as 6.2% before ending the trading day up 5.9%.
The catalyst that sent the cloud-communications specialist higher was bullish commentary from a Wall Street analyst.
Piper Sandler (NYSE: PIPR) analyst Brent Bracelin was a guest on CNBC's TechCheck and included Twilio in his list of cloud names to watch. He argued that Twilio has much greater prospects than investors give the company credit for and will be bigger than many expect, making it the next big cloud provider.