Shares of Twilio Inc. ( TWLO ) are trading higher Friday after the company reported third-quarter earnings.

TWLO is surging to new heights today. Follow the breaking news here.

What To Know: Twilio reported better than expected results and issued fourth quarter guidance above analyst expectations. It brought in $1.3 billion in revenue, a new quarterly record, beating estimates of $1.25 billion.

Shares were up around 20% following the news, according to Benzinga Pro.

For fiscal year 2025, Twilio ( TWLO ) is raising its revenue growth range to 12.4% to 12.6%, compared with 10% to 11% previously, and its organic revenue growth range to 11.3% to 11.5% year-over-year, compared with 9% to 10% previously.

"We saw broad-based strength across customer segments, ranging from startups to enterprises to ISVs, that continue to choose Twilio ( TWLO ) to power their customer engagement,” said Khozema Shipchandler, CEO of Twilio ( TWLO ). “Our team is looking to finish the year off strong by helping our customers build relationships that grow stronger and more meaningful with every engagement."

Analyst Changes: Following the company's quarterly results, several analysts lifted price targets.

JP Morgan analyst Mark Murphy maintained an Overweight and raised the price target from $140 to $145.

Piper Sandler analyst James Fish maintained an Overweight and raised the price target from $144 to $145.

Keybanc analyst Jackson Ader maintains an Overweight and raised the price target from $146 to $156.

Rosenblatt analyst Catharine Trebnick maintained a Buy and a $140 price target.

TWLO Analysis: Twilio ( TWLO ) is trading approximately 28% above its 50-day moving average of $106.63 and about 21.7% above its 200-day moving average of $112.17. This positioning indicates a strong bullish trend, suggesting that the stock has gained substantial traction in recent trading sessions. The relative strength index (RSI) sits at 57.35, signaling a neutral stance that leaves room for further upward movement without being overbought.

As the stock approaches its 52-week high of $151.94, it faces psychological resistance at this level, which could act as a barrier to further gains. The absence of calculated support levels suggests that the 50-day moving average may serve as a key support point, providing a cushion should the price experience any pullbacks.

TWLO Price Action: Twilio shares were up 21.14% at $136.72 at the time of publication on Friday. according to Benzinga Pro.

Read More:

These Analysts Increase Their Forecasts On Twilio Following Strong Q3 Results

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