William Blair analyst Arjun Bhatia has reiterated their bullish stance on KVYO stock, giving a Buy rating yesterday.
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Arjun Bhatia has given his Buy rating due to a combination of factors that highlight Klaviyo’s strategic leadership and growth potential. The appointment of Chano Fernández as co-CEO is seen as a positive move, leveraging his extensive experience from global enterprises to enhance Klaviyo’s go-to-market strategy and operational efficiency. This leadership change is expected to facilitate Klaviyo’s expansion into serving larger brands and advancing its platform offerings, particularly in AI and service products.
Moreover, Klaviyo’s stock valuation appears attractive, trading at a discount compared to its fast-growth peers. The company’s strong growth trajectory, with revenue and free cash flow multiples that suggest significant upside, supports the Buy rating. Klaviyo is positioned as a leader in its sector, benefiting from market trends that favor data-driven and personalized customer engagement strategies, which further reinforces the positive outlook on its stock.
In another report released yesterday, Morgan Stanley also maintained a Buy rating on the stock with a $46.00 price target.