Twilio (TWLO) Plunges 22% YTD: Should Investors Buy the Dip?
Twilio(TWLO) ZACKS·2024-08-23 23:40
Twilio Inc. (TWLO) , a leading cloud communications and customer engagement platform provider, has experienced a tumultuous year in 2024, with its stock plunging more than 22% year to date (YTD). This steep decline contrasts sharply with the broader market, as the S&P 500 has risen by approximately 17% over the same period. The fall in Twilio's stock has left many investors wondering if now is the time to buy the dip.While Twilio's recent performance may seem discouraging, several factors suggest that this ...