Elizabeth Porter, an analyst from Morgan Stanley, maintained the Buy rating on Klaviyo, Inc. Class A. The associated price target was lowered to $46.00.
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Elizabeth Porter’s rating is based on Klaviyo’s strong potential for sustained growth, driven by its expanding product portfolio and strategic positioning in the market. The company’s focus on agentic capabilities, international expansion, and moving upmarket are seen as key drivers of its projected revenue growth. The meetings with Klaviyo’s leadership reinforced confidence in the company’s ability to capitalize on AI-driven opportunities, particularly in building an autonomous marketing stack for B2C businesses.
Additionally, Klaviyo’s innovative pricing model, which is not based on seats but on profiles, messages, and resolutions, aligns well with the outcome-oriented models enabled by AI. This approach is expected to open new revenue streams and enhance the company’s market position. Overall, the company’s valuation at approximately 5x EV/S with a revenue CAGR of over 20% presents an attractive investment opportunity, supporting the Buy rating.
In another report released yesterday, TR | OpenAI – 4o also upgraded the stock to a Buy with a $32.00 price target.