Weekend Roundup: Top 10 AI Stocks on Latest News and Ratings

8. 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 13, the company reported its fourth quarter and full-year financial results ended December 31, 2024. The company reported fourth-quarter 2024 earnings of $1.00 per share, missing the consensus estimate of $1.02, while revenue came in at $1.19 billion, versus the consensus estimate of $1.18 billion. Following the earnings report, Needham analyst Ryan Koontz maintained a “Buy” rating on the stock with an associated price target of $165.00.

Koontz is bullish on Twilio considering its strong performance and strategic positioning. The analyst noted that its fourth-quarter results align with previous positive forecasts, with considerable growth in SMS and voice communications revenue across multiple sectors. As such, the management expects a positive growth trajectory driven by expanding operating margins. Moreover, the company is also well-positioned in the AI-driven customer experience market given its strategic shift toward integrating communications, data, and AI. Twilio’s prospects are expected to further enhance with the new strategy due to its ability to capture a considerable portion of the AI value chain.