Tastemaker Acquisition Corp
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Company profile

Tastemaker Acquisition Corp. is a blank check company. The Company is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses. The Company has not selected any specific business combination target and may pursue an initial business combination target in any industry or geographic region. The Company is not engaged in any business and has not generated any revenue.

Closing Price
Day's Change
-0.01 (-0.10%)
B/A Size
Day's High
Day's Low

UPDATE: Twilio stock rallies on growth forecast

10:07 am ET October 2, 2020 (MarketWatch)

Twilio Inc. (TWLO) shares rallied Friday following the cloud-computing company's analyst day where the company pledged 30% or higher annual growth over the next four years. Twilio shares surged 9.2% to $280.67 in early trading. Cowen analyst J. Derrick Wood, who has an outperform rating and hiked his price target to $350 from $310, said the forecast was "quite impressive" and insinuated about $5 billion in revenue by 2024. "This suggests Street estimates are much too low, with consensus at 25% growth in FY21 and 23% in FY22," Wood said. For the current year, analysts surveyed by FactSet expect earnings of 10 cents a share on revenue of $1.6 billion. Of the 28 analysts who cover Twilio, 22 have overweight or buy ratings, five have hold ratings, and one has a sell rating. Of those, 14 hiked price targets following the forecast for an average price target of $307.83, according to FactSet data. For the year, Twilio shares are up 187%, compared with a 4% rise in the S&P 500 index and a 25% gain in the tech-heavy Nasdaq Composite Index .

-Wallace Witkowski; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

October 02, 2020 10:07 ET (14:07 GMT)

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