Twilio (NYSE:TWLO) yesterday was the subject of a new research report issued by Canaccord Genuity in which it was upgraded as ‘Buy’ by analysts at the firm.

Canaccord Genuity noted a target price of 35 on Twilio’s shares. According to this price target, it now means the analyst believes there is a potential increase of 23.37% from the company’s current share price of 28.37.

Today there are 87,129,000 shares in issue of Twilio which are currently trading at 28.37 which brings the business’s market capitalisation to 2.47B USD.

Twelve Month Chart For Twilio

During the last year Twilio’s shares have increased by 0% from 0.00 to 28.37.

The 50 day moving average of Twilio (NYSE:TWLO) is 31.08 whilst its 200 day moving average is 42.71. The highest share price NYSE:TWLO shares have reached in the prior twelve months is 70.96 with the lowest being 23.66.

Twilio Inc. provides a cloud communications platform that enables developers to build, scale and operate communications within software applications through the cloud primarily as a pay-as-you-go service. The Company’s product offerings are categorized as Programmable Voice, Programmable Messaging and Programmable Video. The Company also provides use case products, such as a two-factor authentication solution. The Company’s platform approach consists of Programmable Communications Cloud, Super Network and Business Model for Innovators. The Company offers voice or video solution, which include phone to phone, application to phone, application to application, many to many and carrier connectivity. The Company allows the user to create multi-party video and high-definition (HD) audio experiences in mobile and Web applications. It offers Elastic SIP Trunking, which provides global voice connectivity for Voice over Internet Protocol (VoIP) infrastructure.