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. offers Cloud Communications Platform, which enables developers to build, scale and operate real-time communications within software applications. The Company’s platform consists of Programmable Communications Cloud, Super Network and Business Model for Innovators. Its Programmable Communications Cloud software enables developers to embed voice, messaging, video and authentication capabilities into their applications through its Application Programming Interfaces (APIs). Its Programmable Communications Cloud offers building blocks that enable its customers to build what they need. Its Programmable Communications Cloud includes Programmable Voice, Programmable Messaging, Programmable Video and Use Case APIs. The Super Network is its software layer that allows its customers’ software to communicate with connected devices globally. It interconnects with communications networks around the world.