5 Stocks with Consistent Growth

3. Twilio Inc. (NYSE:TWLO)

5-Year Average Sales Growth: 57.73%

Number of Hedge Fund Holders: 49

Founded in 2008, San Francisco, California-based Twilio Inc. (NYSE:TWLO) is a technology company that provides a Customer Engagement Platform which enables companies to use communications and data to add intelligence and security to every step of the customer journey.

On November 8, Twilio Inc. (NYSE:TWLO) released its financial results for Q3 2023. Its revenue increased by 5% y-o-y to $1.0 billion while net loss shrunk by 71% y-o-y to $140 million. The company generated a normalized EPS of $0.58 which was $0.22 more than the consensus estimates.

Following the earnings release, JMP Securities analyst Patrick Walravens reiterated a ‘Market Outperform’ rating for Twilio Inc. (NYSE:TWLO) shares with an unchanged target price of $110. The target price represents an upside potential of 78.72% based on the share price on November 17.