William Blair analyst Arjun Bhatia has reiterated their bullish stance on KVYO stock, giving a Buy rating on November 7.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Arjun Bhatia has given his Buy rating due to a combination of factors that highlight Klaviyo’s potential for both near-term and long-term growth. The company’s management has set a solid growth floor of 21%-22% through 2026, which suggests confidence in their ability to capitalize on current opportunities. Bhatia is optimistic about Klaviyo’s potential to exceed estimates in the upcoming quarters, driven by its strategic initiatives and robust business model.
Furthermore, Klaviyo’s competitive edge is rooted in its data layer, which supports its platform and cross-sell strategies. The introduction of new service offerings, including agentic AI and commerce solutions, is expected to drive further growth. Additionally, Klaviyo’s expansion into international markets and the midmarket segment, along with its focus on maintaining the Rule of 40 model, positions it well for sustained success. These factors collectively contribute to Bhatia’s positive outlook and Buy rating for Klaviyo, Inc. Class A stock.
In another report released on November 7, Barclays also maintained a Buy rating on the stock with a $43.00 price target.
Based on the recent corporate insider activity of 93 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KVYO in relation to earlier this year.