Actual performance may differ significantly from backtested performance. Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process.
Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. Backtested performance is developed with the benefit of hindsight and has inherent limitations. This information is provided for illustrative purposes only. No representations and warranties are made as to the reasonableness of the assumptions. Certain assumptions have been made for modeling purposes and are unlikely to be realized. Changes in these assumptions may have a material impact on the backtested returns presented. General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Backtested performance is not an indicator of future actual results. TWLO has risen 25% year-to-date.ĭisclaimer: The TipRanks Smart Score performance is based on backtested results. The average price target stands at $64.89, indicating 2.97% upside potential. Parker Lane reiterated a Hold rating on TWLO with a price target of $50.īased on a mix of 10 Buys, 12 Holds, and 1 Sell, Twilio earns a Moderate Buy consensus rating. Twilio recently reported a softer-than-expected revenue outlook for Q2, reflecting the impact of persistent macro challenges. Separately, on Wednesday, Twilio announced the expansion of its existing partnership with Google Cloud, owned by Alphabet ( GOOGL) ( GOOG), for bringing generative artificial intelligence (AI) solutions to its customer engagement products. Under the deal, Kore issued 10 million shares to Twilio, representing about 11.5% of Kore’s issued and outstanding shares. In early June, Twilio completed the sale of its IoT business unit to Kore Group Holdings ( KORE).
As of March 31, 2023, Legion reported a stake worth $40 million in Twilio. Twilio is undertaking these steps as activist investor Legion Partners is pushing the company for board changes and strategic options like divestitures. Though India continues to be a strategic market for Twilio, the company is selling ValueFirst to direct its resources toward other opportunities with better prospects. The customer footprint of ValueFirst and Tanla are very complementary, with about 40% of ValueFirst’s revenue derived from customers that are “net new” to Tanla.
Twilio believes that ValueFirst’s acquisition by Tanla will better leverage the talent and business portfolio that ValueFirst has built and paves the best way to serve customers in India in the short and long term. ValueFirst, a provider of businesses with multi-channel communication solutions and smart application programming interface (API), was acquired by Twilio in 2021 to rapidly expand into India and explore other products and services that ValueFirst has been delivering. The deal is slated for July 2023 closure. California-headquartered Twilio ( NYSE:TWLO), a customer engagement platform, is selling its ValueFirst Digital Media Private business to India-based Communications Platform as a Service (CPaaS) provider Tanla for an undisclosed sum.
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