10 High-Flying AI Stocks on 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 February 15, Robert W. Baird analyst William Power reiterated a “Buy” rating on the stock and retained the price target of $160.00 based on its financial performance and strategic initiatives. Even though there was a slight sequential decline in adjusted gross margin in Q4, the company reported strong revenue growth of 11% year-over-year. This growth aligned with previous estimates and demonstrated resilience.

The company also maintained its full-year guidance, reflecting on its growth momentum and strong communications revenue. It also authorized an additional $2 billion share buyback, highlighting its commitment to returning value to shareholders. In addition, Twilio has been engaging with AI-centric companies and has also been developing AI-driven products, demonstrating potential for future innovation and market expansion.