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TWLO

Twilio

$76.26

1.27 (1.69%)

, SEND

Acquired by TWLO

$30.94

0.04 (0.13%)

20:13
10/15/18
10/15
20:13
10/15/18
20:13

MUFG analyst 'fully supports' SendGrid acquisition by Twilio

MUFG analyst Stephen Bersey kept his Overweight rating and $82 price target on Twilio (TWLO) after its $2B all-stock deal to acquire SendGrid (SEND). The analyst offers his "full support" to the proposed deal from the perspective of strategy, timing and valuation, noting that Twilio needs to move toward the enterprise application space as it grows its API business. Bersey adds that the companies' technology and expert knowledge bases are very different, and Twilio's development for an email API would have been "long and challenging".

TWLO

Twilio

$76.26

1.27 (1.69%)

SEND

Acquired by TWLO

$30.94

0.04 (0.13%)

  • 06

    Nov

TWLO Twilio
$76.26

1.27 (1.69%)

10/10/18
KEYB
10/10/18
NO CHANGE
KEYB
Shopify, Salesforce should be bought on October pullback, says KeyBanc
KeyBanc analyst Brent Bracelin notes that the 55 largest SaaS stocks had an incredible run through the end of Q3, as the group benefited from robust secular tailwinds and multiple expansion with forward EV/S levels increasing by two full turns above the five-year average. That said, the "Big Chill" has quickly set in during the first nine days of October as the group is down 11% this month and 21% from the highs, on average, he adds. The analyst has identified eight high-quality SaaS stocks that he would buy on the October pullback based on attractive risk-reward and growth profiles looking out into 2020, namely Shopify (SHOP), Salesforce (CRM), Twilio (TWLO), Wix.com (WIX), Zendesk (ZEN), BlackLine (BL), Avalara (AVLR), and Mindbody (MB).
10/08/18
DBAB
10/08/18
INITIATION
DBAB
Buy
Twilio initiated with a Buy at Deutsche Bank
Deutsche Bank analyst Michael Turrin initiated Twilio with a Buy rating and $88 price target.
10/02/18
DADA
10/02/18
INITIATION
Target $99
DADA
Buy
Twilio initiated with a Buy at DA Davidson
DA Davidson analyst Rishi Jaluria initiated Twilio with a Buy rating and a price target of $99, citing the company's "rapid growth, market leadership position, and developer-driven model". The analyst notes he is especially positive on the company's leadership in CPaas - communications platform as a service - which is a "growing area of importance for software developers". Jaluria also points to Twilio's "developer-centric model" that focuses on product development and reliability as well as its rapid growth, with annual revenues rising 68% from 2013 to 2017.
09/04/18
KEYB
09/04/18
NO CHANGE
Target $64
KEYB
Overweight
Bandwidth price target raised to $64 from $45 at KeyBanc
KeyBanc analyst Brent Bracelin raised his price target for Bandwidth (BAND) to $64 from $45 as he believes 2018 marks an inflection year for cloud software APIs that are poised to go ubiquitous across the broader enterprise over the next five years. The analyst has increasing confidence in the upside levers to cloud software API business models like Amazon (AMZN), Twilio (TWLO), Bandwidth, and SendGrid (SEND). Bracelin reiterates an Overweight rating on Bandwidth shares.
SEND Acquired by TWLO
$30.94

0.04 (0.13%)

09/24/18
FANA
09/24/18
INITIATION
Target $45
FANA
Strong Buy
SendGrid initiated with a Strong Buy at First Analysis
First Analysis analyst David Gearhart initiated SendGrid with a Strong Buy rating and a price target of $45, citing its position as a leader in email delivery and its multiple catalysts for growth. The analyst says the company should see a 20% top-line growth and improving profitability, along with free cash flow generation, over the foreseeable future amid the business trend of transition to outsourced platforms, industry volume growth, and cross-sell opportunities. Gearhart also cites SendGrid software capability to be "quickly integrated by businesses through a cloud-based API", which allows for "automated delivery of wanted transactional and marketing emails to end customer and user inboxes at scale". The analyst notes that the company's valuation of 12.6-times enterprise value to expected 2018 sales is comparable to its peer group.
09/04/18
KEYB
09/04/18
NO CHANGE
Target $42
KEYB
Overweight
SendGrid price target raised to $42 from $32 at KeyBanc
KeyBanc analyst Brent Bracelin raised his price target for SendGrid (SEND) to $42 from $32 as he believes 2018 marks an inflection year for cloud software APIs that are poised to go ubiquitous across the broader enterprise over the next five years. The analyst has increasing confidence in the upside levers to cloud software API business models like Amazon (AMZN), Twilio (TWLO), Bandwidth (BAND), and SendGrid. Bracelin reiterates an Overweight rating on SendGrid shares.
04/25/18
ADAM
04/25/18
INITIATION
Target $32
ADAM
Buy
SendGrid initiated with a Buy at Canaccord
Canaccord analyst Richard Davis initiated SendGrid with a Buy saying it is a promising business as a SaaS vertical firm. He said the company has low-friction selling/adoption, a business-to-developer GTM model, and has infrastructure layers where buyers source the various components of their stack. Davis has a $32 price target on SendGrid shares.

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Flotek

$3.28

-0.07 (-2.09%)

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FDX

FedEx

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WP

Worldpay

$107.39

-1.13 (-1.04%)

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FIS

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-1.54 (-1.42%)

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FIS

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Fiserv

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FDC

First Data

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GPN

Global Payments

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CAL

Caleres

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$68.45

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Emerson

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SMAR

Smartsheet

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SSP

E.W. Scripps

$22.47

0.05 (0.22%)

, NXST

Nexstar

$105.71

-0.85 (-0.80%)

07:12
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E.W. Scripps acquiring eight TV stations from Nexstar-Tribune merger divestiture »

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$22.47

0.05 (0.22%)

NXST

Nexstar

$105.71

-0.85 (-0.80%)

TRCO

Tribune Media

$46.08

0.02 (0.04%)

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GIS

General Mills

$47.24

-0.365 (-0.77%)

07:11
03/20/19
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07:11
Hot Stocks
Breaking Hot Stocks news story on General Mills »

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LULU

Lululemon

$144.95

0.61 (0.42%)

07:11
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ALXN

Alexion

$132.94

-0.53 (-0.40%)

, ZEAL

Zealand Pharma

$15.60

(0.00%)

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ALXN

Alexion

$132.94

-0.53 (-0.40%)

ZEAL

Zealand Pharma

$15.60

(0.00%)

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GIS

General Mills

$47.24

-0.365 (-0.77%)

07:10
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General Mills sees FY19 adjusted operating profit at high end of 6%-9% growth »

Constant-currency…

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General news
FX Update: The dollar has traded steady-to-firmer »

FX Update: The dollar has…

NTNX

Nutanix

$38.78

0.425 (1.11%)

07:09
03/20/19
03/20
07:09
03/20/19
07:09
Conference/Events
Nutanix to host investor day »

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TGNA

Tegna

$14.42

-0.2 (-1.37%)

, NXST

Nexstar

$105.71

-0.85 (-0.80%)

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TEGNA to acquire 11 local television stations from Nexstar for $740M »

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Tegna

$14.42

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NXST

Nexstar

$105.71

-0.85 (-0.80%)

TRCO

Tribune Media

$46.08

0.02 (0.04%)

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GOOG

Alphabet

$1,199.71

16.05 (1.36%)

, GOOGL

Alphabet Class A

$1,203.13

15.04 (1.27%)

07:08
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Alphabet, Alphabet Class A, Sony, Microsoft, Amazon.com analyst commentary  »

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GOOG

Alphabet

$1,199.71

16.05 (1.36%)

GOOGL

Alphabet Class A

$1,203.13

15.04 (1.27%)

SNE

Sony

$45.50

-0.595 (-1.29%)

MSFT

Microsoft

$117.72

0.12 (0.10%)

AMZN

Amazon.com

$1,762.45

20.45 (1.17%)

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AIR

AAR Corp.

$35.10

(0.00%)

07:08
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TEUM

Pareteum

$5.04

-0.67 (-11.73%)

, CTXS

Citrix

$101.31

-0.24 (-0.24%)

07:08
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Pareteum's iPass SmartConnect solution selected for Citrix »

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TEUM

Pareteum

$5.04

-0.67 (-11.73%)

CTXS

Citrix

$101.31

-0.24 (-0.24%)

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RTIX

RTI Surgical

$5.88

-0.08 (-1.34%)

07:08
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RTI Surgical enrolls first patient in FORTE study »

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GIS

General Mills

$47.24

-0.365 (-0.77%)

07:08
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General Mills CEO confident in meeting, exceeding all FY19 targets »

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CREE

Cree

$57.27

0.36 (0.63%)

07:07
03/20/19
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Cree rating change  »

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BHC

Bausch Health

$26.29

1.745 (7.11%)

07:07
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Bausch Health initiated  »

Bausch Health initiated…

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VERI

Veritone

$6.34

-0.155 (-2.39%)

07:07
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Veritone to host investor day »

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GIS

General Mills

$47.24

-0.365 (-0.77%)

07:06
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07:06
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General Mills expects Q4 Blue Buffalo's net sales to 'accelerate meaningfully' »

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NXST

Nexstar

$105.71

-0.85 (-0.80%)

, TRCO

Tribune Media

$46.08

0.02 (0.04%)

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Nexstar expects Tribune deal to result in 46% growth to average annual FCF »

Nexstar (NXST) CEO Perry…

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Nexstar

$105.71

-0.85 (-0.80%)

TRCO

Tribune Media

$46.08

0.02 (0.04%)

TGNA

Tegna

$14.42

-0.2 (-1.37%)

SSP

E.W. Scripps

$22.47

0.05 (0.22%)

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MDR

McDermott

$7.62

-0.285 (-3.61%)

07:06
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07:06
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McDermott awarded ethylene contract in Russia »

McDermott has been…

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FDX

FedEx

$181.50

-0.92 (-0.50%)

07:06
03/20/19
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07:06
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FedEx analyst commentary  »

FedEx price target…

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