This Top Growth Stock Has Nearly Doubled in 2020 and Looks Good for More
It wasn't long ago that Twilio (NYSE: TWLO) looked like an attractive bet as it was trading at a relatively cheap valuation, but the company's fiscal first-quarter results have sent the stock through the roof. At the beginning of April, shares of the cloud communications specialist looked ripe for the picking in the aftermath of the March stock market crash caused by the novel coronavirus pandemic. There were concerns that Twilio's business may take a hit as key customers such as Lyft, Uber, and eBay reduce the usage of its services, prompting downgrades on Wall Street and sending shares lower.