The annual revenue of the cloud company Twilio can grow up to $ 10 billion
Twilio Inc. (TWLO) may become one of the market leaders in cloud computing and communication services, analysts at Piper Sandler believe.
Moreover, its annual revenue may grow to $10 billion, more than five times higher than 2020. Positive recommendations from Wall Street analysts have become the driver of Twilio quotes. At the auction on October 14, TWLO’s share was worth $357.46. Twilio supplies a communication platform as a service (CPaaS).
Developers can use the company’s programmable interfaces to perform various functions, such as technical support chats, sending reminders, and holding video conferences. Twilio’s clients are large companies, including Lyft and Airbnb.
More than 190,000 enterprises provide almost 932 billion customer interactions per year through the Twilio cloud platform. Twilio owns an extensive library of cloud APIs (Application Programming Interface), a set of tools used in software development to combine functions from other applications and services.
The Twilio API allows developers to embed text and chat, email, voice communication, and video into the application. Piper Sandler analysts say that Twilio has much more excellent prospects than many investors assume, and in the future, the company may become a significant provider of cloud services.
At the same time, Twilio’s annual revenue could grow to $10 billion. For comparison: in 2020, the company earned $1.76 billion. Piper Sandler bases its forecast on an analysis of the downloads of popular applications in the third quarter, which shows the superiority of Twilio in several areas at once, including tourism, retail, media, and food.
Against this background, Piper Sandler set a target price for TWLO shares at $550. Recall that in the second quarter, Twilio’s revenue increased by 67% year on year. As a result, the company was also able to halve the loss.
