Twilio rises as Argus upgrades after Q2 results, guidance
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Twilio (NYSE:TWLO) shares rose fractionally in pre-market trading on Friday after investment firm Argus upgraded the communications software company after it reported second-quarter results earlier this week. 
Analyst Jim Kelleher raised his rating on Twilio (TWLO) shares to buy from hold, noting the company looks positioned to grow revenue and adjusted earnings per share due to a revival in its core business and the recovery in its data and applications business.
"We see AI as a key accelerant for Twilio's business as clients seek to make their customer-communications tools more capable and more efficient," Kelleher wrote in a note.
In addition, Kelleher noted that Twilio (TWLO) raised its full-year adjusted profit forecast, and with companies like Meta (META), Alphabet (GOOG) (GOOGL) and Amazon (AMZN) showing a recovery in digital advertising spending, he believes Twilio's customers will increase spending.
Analysts are universally bullish on Twilio (TWLO). It has a BUY rating from Seeking Alpha authors, while Wall Street analysts rate it a BUY. Conversely, Seeking Alpha's quant system, which consistently beats the market, rates TWLO a STRONG BUY.
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