Twilio Inc. (TWLO) Rated as ‘Market Perform’ at JMP Securities

Twilio Inc. (NYSE:TWLO) is one of the best AI stocks to buy, according to billionaire Stanley Druckenmiller. On July 18, JMP Securities reiterated a ‘Market Outperform’ rating on the stock and a $165 price target. The positive stance on the stock is reflected in its strong momentum, delivering a 119% return over the past year.

Twilio Inc. (TWLO) Rated as ‘Market Perform’ at JMP Securities

An executive in suit presenting a large touch screen of the company’s cloud-based enterprise platform.

According to JMP Securities, the generation of voice technology-powered LLMs is a positive development for the company, following previous false starts. The research firm also touted positive trends as Six Twilio salespeople exceeded their expected attainment this year, affirming demand for the company’s solutions. Four salespeople met their sales targets in the first half of the year, with the largest beat coming from an executive account in the EMEA region.

In addition, Twilio has launched three new features as it seeks to enhance its customer engagement solution. Event Triggered Journeys, Data Residency for Email (EU), and WhatsApp Business Calling on Programmable Voice are three new features designed to improve real-time customer interaction and data management.

Twilio Inc. (NYSE:TWLO) is a cloud communications company that provides programmable APIs for developers to integrate various communication channels, including voice, messaging, video, and authentication, into their applications. It leverages AI to enhance its customer engagement platform, focusing on improving personalization, automation, and insights across various communication channels.

While we acknowledge the potential of TWLO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TWLO and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.