This Power Buy has more than doubled for our readers

Article Excerpt

Twilio keeps soaring for our readers—it’s up 59.4% since we first recommended it in our June 2020 issue at $187.42. We think the stock still has gains ahead, especially in light of its new acquisition. Twilio is a Power Buy for our Power Growth Investors. TWILIO INC., $298.70, is a buy. The company (Nasdaq symbol TWLO; TSINetwork Rating: Extra Risk) (www.twilio.com; Shares outstanding: 137.4 million; Market cap: $45.9 billion; No dividends paid) offers a key service to software developers who create mobile apps. Its own software is used to connect apps to essential functions elsewhere on a device, including dealing with phone calls and messaging. For $3.2 billion in stock, Twilio will now acquire Segment, a customer data platform. That company has more than 20,000 customers globally. Segment offers products that let companies glean information about shoppers from websites, mobile apps and email, as well as from consumer communications with customer support centres and software programs. This data is key at all times,…