Klaviyo, Inc.: Resilient Growth Amid Tariff Challenges Supports Buy Rating

William Blair analyst Arjun Bhatia has reiterated their bullish stance on KVYO stock, giving a Buy rating today.

Arjun Bhatia has given his Buy rating due to a combination of factors that highlight Klaviyo, Inc.’s strong performance and growth potential. The company has demonstrated resilience in the face of tariff-related risks, with customers continuing to invest in its services despite uncertainties. This resilience is reflected in Klaviyo’s solid first-quarter results, which exceeded expectations and showed that the anticipated risks did not materialize.
Furthermore, Klaviyo is effectively executing its growth strategies by expanding its market share, progressing upmarket, and launching new products. The company’s international expansion is also performing well, contributing to its positive outlook. While macroeconomic uncertainties, particularly related to tariffs on China, remain a concern, Klaviyo’s strong fundamentals and competitive positioning support the Buy rating. The company’s net retention rate remains stable, indicating customer loyalty and satisfaction with its offerings.

In another report released today, Barclays also maintained a Buy rating on the stock with a $38.00 price target.