‘The Next Facebook’: 5 Undvervalued Internet Stocks with Huge Upside

2. Twilio Inc. (NYSE: TWLO)

Number of Hedge Fund Holders: 99    

Twilio Inc. (NYSE: TWLO) is placed second on our list of 10 undervalued internet stocks with huge upside. The firm operates a cloud communications platform and is headquartered in California. According to Arne Verheyde, a market expert in growth firms, the firm remains slated for long-term revenue growth and will continue to beat market expectations in this regard for years to come. The bull case for the company has underlined that the firm remains in position to achieve a market cap target of over $100 billion. 

On July 30, investment advisory Baird maintained an Outperform rating on Twilio Inc. (NYSE: TWLO) stock but raised the price target to $450 from $430, noting the strong competitive position the firm was in and identifying it as one the top picks of the advisory. 

Out of the hedge funds being tracked by Insider Monkey, California-based investment firm SCGE Management is a leading shareholder in Twilio Inc. (NYSE: TWLO) with 2.7 million shares worth more than $948 million.