On September 22, Twilio rose 5.35% in regular trading, reaching $283.075 per share with turnover of $101 million, hitting a fresh all-time high.

The rally continues to be driven by the company's strong Q2 results reported in early August, which significantly exceeded expectations. Twilio posted Q2 revenue of $1.50 billion, up from $1.23 billion a year earlier and above the $1.43 billion consensus estimate. Adjusted EPS came in at $1.47, well above the $1.32 expected by analysts. The company also raised its full-year growth guidance and issued Q3 revenue guidance of $1.51-$1.52 billion, topping the $1.47 billion consensus.

In the wake of the results, multiple investment banks lifted their price targets. Morgan Stanley raised its target from $200 to $261 while maintaining an Overweight rating, and Stifel Nicolaus upgraded the stock from Hold to Buy with a $260 target. Additionally, Director Douglas A. Robinson purchased 341 shares on September 15, further bolstering investor confidence.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)