Twilio shares up 97% this year as investors focus on third-quarter gross profit growth, Jefferies says

Impact · against what's priced in

The article provides no material catalysts for Twilio, as the expected gross profit growth and Voice AI potential are already factored into the stock's recent 97% rally, while hyperscaler competition is a known risk. The market remains skeptical of sustained high growth, and the Jefferies projections align with existing valuation baselines.

TWLO+0.00

Already priced in

The price assumes

The recent improvement in the dollar-based net expansion rate to 116%, reflecting existing customer spending increases.