Better Tech Stock: Twilio vs. Unity Software
(NYSE: TWLO) and Unity (NYSE: U) both hit their all-time highs during the buying frenzy in growth and meme stocks in 2021. Twilio's stock surged to $443.49 that February, representing a 2,857% gain from its initial public offering (IPO) price of $15 in 2016. Unity's stock hit $201.12 that November, marking a 287% rally from its IPO price of $52 in 2020.
But today, Twilio and Unity trade at about $60 and $15, respectively. Both stocks plummeted as their growth cooled and rising rates popped their bubbly valuations. So should contrarian investors still buy either of these fallen stocks?
Source Fool.com
Twilio Inc Stock
Currently there is a rather positive sentiment for Twilio Inc with 19 Buy predictions and 3 Sell predictions.
With a target price of 70 € there is a slightly positive potential of 13.84% for Twilio Inc compared to the current price of 61.49 €.