Twilio got a re-affimed rating from RBC Capital analyst .
RBC Capital analyst Alex Zukin reiterated his outperform rating on shares of the cloud communications platform as a service company. Zukin also maintained his $125 share-price target.
Zukin said in a note to investors mentioned that after having meetings with Twilio’s vice president of investor relations Andrew Zilli, Zukin and team are even more sanguine about Twilio being the most attractively priced, durable high growth story in their coverage.
According to Zukin, Twilio’s prospects for 2020 are healthy, with no macro or demand concerns, nor any changes in the competitive environment.
Zukin feels that for the long-term, the biggest growth catalyst for Twilio is the conversations application programming interface, which could “dramatically increase messaging volumes across TWLO's customer base as today's notifications become tomorrow's conversations".
For 2020, Zukin views the upcoming elections as one of the potential tailwinds for Twilio’s business. "In terms of the election, while guidance for next year will include some contribution, if all political campaigns were considered together and all used Twilio (both of which are very aggressive assumptions), it could be a 10% customer," Zukin wrote.