5 Best Growth Stocks to Buy According to Mark Moore’s ThornTree Capital

2. Twilio Inc. (NYSE:TWLO)

Number of Hedge Fund Holders: 96

An American cloud computing platform, Twilio Inc. (NYSE:TWLO) was recently supported at Oppenheimer as the firm sees an 86% upside in the stock. The firm lifted its price target on the stock to $550, while keeping an Outperform rating on the shares.

At the end of Q3, 96 hedge funds tracked by Insider Monkey held positions in Twilio Inc. (NYSE:TWLO), down from 98 in the previous quarter. The total value of these stakes is over $6.3 billion. Of these hedge funds, ARK Investment Management was the leading shareholder of Twilio Inc. (NYSE:TWLO) in Q3, holding a $1 billion worth of stake.

As of Q3, Twilio Inc. (NYSE:TWLO) represents 2.63% of ThornTree Capital’s 13F portfolio. In its Q3 earnings, Twilio Inc. (NYSE:TWLO) reported an EPS of $0.01, beating the estimates by $0.15. The company’s revenue for the quarter experienced a 65.2% growth from the prior-year quarter at $740.2 million.