8 Tech Stocks to Sell Now - 1 of 8

#1 - Twilio (NYSE:TWLO)

Twilio (NYSE: TWLO) – Let’s be clear about this. Twilio killed it in second-quarter earnings. Their revenue beat projections by over 12 percent ($147.8 million vs $130.4 million) and their operating earnings came in at $0.03 cents per share, far better than the projected loss of $0.06 per share. And this is not the first time the cloud-based communications company has gotten the attention of investors. Their stock has had a 100% gain in the last twelve months. One reason for this is their Twilio Flex development platform that they introduced in the first quarter. This is catching on with their customer base as they have integrated it with the Google Cloud Contact Center. In addition to their second-quarter results, the company provided guidance targets for the third quarter and beyond that are above analysts’ estimates. All this would seem to signal that the stock may be at its top, or close to it. The stock is pushing its valuation limits. Now may be an excellent time to take advantage of this company’s impressive gains and take some profits for yourself.

About Twilio

Twilio Inc, together with its subsidiaries, provides customer engagement platform solutions in the United States and internationally. It operates through two segments, Twilio Communications and Twilio Segment. The company provides various application programming interfaces and software solutions for communications between customers and end users, including messaging, voice, email, flex, marketing campaigns, and user identity and authentication. Read More 

Current Price

$58.41

Consensus Rating

Hold

Ratings Breakdown

8 Buy Ratings, 9 Hold Ratings, 2 Sell Ratings.

Consensus Price Target

$68.90 (18.0% Upside)