Top 12 AI Stocks Dominating the Market Right Now

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9. 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 10, Monness analyst Brian White maintained a “Buy” rating on the stock with an unchanged price target of $152.00. According to the firm, Twilio has successfully turned around by focusing on innovation, execution, and financial rigor. These qualities have allowed the company to improve its cost structure and a strategic stock repurchase plan, implying how its efforts have been sustainable despite a fragile macro environment. Moreover, the company is expected to achieve significant growth ahead. After Investor Day, the firm noted how highlights such as Twilio’s new $2 billion stock repurchase program have come to light. The company is also expected to boost its future opportunities by focusing on emerging markets such as conversational artificial intelligence. It also plans on improving its operating margin and cash flow, strengthening the buy rating on the stock.

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