Shares of Twilio (NYSE: TWLO) were taking a dive after the software-as-a-service (SaaS) company issued a disappointing earnings report, adding to concerns that it was losing its momentum. According to data from S&P Global Market Intelligence, the stock finished the month down 34%. As you can see from the chart below, the stock fell sharply after the earnings report came out early in November, and never made much of a recovery.
The mean of analysts' price targets for Twilio (TWLO) points to a 90.6% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Twilio (TWLO) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.