Twilio's shares saw a remarkable increase of 21% following the release of preliminary results for Q4 and the full year of 2024. Analysts responded positively, raising their ratings and significantly increasing price targets, with Baird analyst projecting a 39% increase to $160. The company reported a robust 11% revenue growth compared to the previous year, anticipating approximately $1.2 billion in sales. With improved financial metrics indicating nearing profitability, Twilio is set for a positive outlook as it prepares for its formal earnings announcement on February 13.
Analysts were heartened by the improving financial picture and upgraded their price targets on the CPaaS leader, with Baird analyst raising it from $115 to $160.
Twilio's Q4 revenue rose 11% year-over-year, with positive GAAP operating earnings expected and adjusted income from operations surpassing previous guidance.
The communications platform-as-a-service (CPaaS) company is nearing profitability as it significantly shrinks losses, moving from $141.7 million down to below $10 million.
With a projected revenue nearing $1.2 billion and significant free cash flow expectations, investors remain optimistic about Twilio's future performance.
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