12 Best Enterprise Software Stocks to Buy Now

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8. Twilio Inc. (NYSE:TWLO)

Number of Hedge Fund Holders: 74

Twilio Inc. (NYSE:TWLO) offers customer engagement platform solutions internationally. It operates through two segments: Twilio Communications and Twilio Segment. It provides application programming interfaces and software solutions for communications between customers and end users. It also offers software products to build direct and personalized relationships with end users.

The company’s core enterprise software and drove $1.121 billion in Q4 2024 revenue, which was a year-over-year improvement of 12%. This growth was fueled by expansion in trusted channels, international expansion, and cross-selling and upselling to existing customers. The company is also investing in AI to enhance this platform.

Twilio Inc. (NYSE:TWLO) is using AI for improved automation. In presales, data-driven lead identification shortened sales cycles, and 80% of the new inbound leads are now processed by AI. In post-sales, AI-driven help center assistance achieved a 75% ticket deflation rate. Over 9,000 AI companies used Twilio Inc.’s (NYSE:TWLO) services in 2024. On February 25, Tigress Financial analyst Ivan Feinseth increased the company’s price target to $170 from $135 and kept a Buy rating. This sentiment came from the company’s AI-driven customer growth and the advancements in its AI-driven platform.

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