Twilio 's (NYSE: TWLO) stock more than tripled in 2020 as the cloud services provider generated robust growth throughout the pandemic. That wasn't surprising, since Twilio's platform processes calls, text messages, videos, and other content for mobile apps, which bored users devoted more time to throughout the crisis.
But as investors look ahead toward a post-pandemic world, they might wonder if it's time to take profits in Twilio and buy some pandemic-stricken stocks that are trading at lower valuations. Let's take a look back at Twilio's performance in 2020, including its strengths and weaknesses, and see if it will head higher in 2021.
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Twilio Stock Surged 220% in 2020: Is It a Buy for 2021?