5 Risky Stocks to Buy Today

4. Twilio Inc. (NYSE:TWLO)

Number of Hedge Fund Holders: 64

Twilio Inc. (NYSE:TWLO) is a San Francisco, California-based provider of programmable tools that can perform various communication functions through its web service APIs.

In Q2 2022, Twilio Inc. (NYSE:TWLO) posted an EPS of -$0.11, beating the analysts’ estimates by 9 cents. Analysts expect Twilio Inc. (NYSE:TWLO) to achieve profitability in the coming quarters due to the company’s cost-saving strategy. In a research note issued on September 15, Matt VanVliet at BTIG gave Twilio Inc. (NYSE:TWLO) stock a target price of $105 and maintained a Buy rating. The analyst believes that the company has been prudent in reframing its cost structure by lowering its headcount by 11%. This action will also result in improving margins in the longer term. Twilio Inc.’s (NYSE:TWLO) higher emphasis on the go-to-market strategy will continue to provide more upside for the stock. The company plans to increase its focus on the sale of its software solutions portfolio.

Here’s what Carillon Tower Advisers said about Twilio Inc. (NYSE:TWLO) in its Q1 2022 investor letter:

“Twilio (NYSE:TWLO), the messaging and marketing automation software platform, sold off along with other highly valued software-as-a-service providers. Although the company management team expects continued strong growth, investors have grown concerned that demand could slow following the surge in digital communication during the pandemic.”