10 Buzzing AI Stocks on Latest News and Ratings

6. Twilio Inc. (NYSE:TWLO)

Number of Hedge Fund Holders: 52

Twilio Inc. (NYSE:TWLO) is a leading cloud communications platform-as-a-service (CPaaS) company. On January 17, Morgan Stanley analyst Meta Marshall raised the firm’s price target on Twilio to $118 from $115 and kept an “Equal-Weight” rating on the shares. The rating has been issued ahead of the company’s analyst day on January 23rd. The event day presents a good opportunity for Twilio to “reset” messages related to the trends in Communications Platform as a Service (CPaaS). It could address concerns, provide updates, and elaborate on CPaaS growth trends. Other areas of discussion include how Segment fits into Twilio, which is a market-leading customer data platform (CDP) that Twilio has acquired. The analyst also highlighted Twilio’s artificial intelligence opportunity and its profit potential. As such, its AI opportunity lies in using the technology to enhance customer engagement and offer AI-powered communication solutions. The firm currently perceives the current valuation as capturing about a 10% compound annual growth rate for revenue.