10 Tech Stocks on Wall Street’s Radar

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4. Twilio Inc. (NYSE:TWLO)

Number of Hedge Fund Holders: 73

Twilio Inc. (NYSE:TWLO) is one of the 10 tech stocks on Wall Street’s radar right now. On June 6, KeyBanc initiated coverage of Twilio Inc. (NYSE:TWLO) with a $146 price target and an Overweight rating as part of the firm’s broader look at enterprise software stocks.

The firm noted that the company’s recent momentum could continue, which could be driven by a sharper focus on its main products and improvements in its go-to-market execution. Over the last month, Twilio’s (NYSE:TWLO) stock has gained nearly 15.7%.

Earlier on May 14, Baird analyst William Power reaffirmed a Buy rating on Twilio (NYSE:TWLO) with a $130 price target. The firm had previously cut the price target for the company in April from $160 to $130. Power’s view shows confidence in the company’s progress in conversational AI and its collaboration with Microsoft. Moreover, tools like ConversationRelay and its integration with Segment are seen as Twilio’s (NYSE:TWLO) main strengths. The company’s platform upgrades, including new AI and customer data features, signal strong innovation.

Twilio (NYSE:TWLO) provides a platform that helps businesses manage customer interactions through messaging, voice, email, and user verification. Furthermore, the company offers tools to personalize experiences using real-time data and AI features.

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