Twilio sells into rapidly expanding segment

Article Excerpt

We added Twilio to Power Growth Investor last year, and it has put on a stellar performance for our readers. Twilio is up 54.3% since its inaugural June 2020 appearance in PGI at $187.42. The company benefited from increased demand during the pandemic. But its business model and leading-edge technology set it up for even more gains. We see the stock as a Power Buy. TWILIO INC., $298.37, is a buy. The company (Nasdaq symbol TWLO; TSINetwork Rating: Extra Risk) (www.twilio.com; Shares outstanding: 162.4 million; Market cap: $51.7 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. Those applications explain why consumers can text or call an Uber driver without actually sharing phone numbers. Twilio’s biggest customers include Uber and Facebook Inc.’s WhatsApp. The company went public on June 22, 2016, at $15…