Klaviyo price target lowered to $29 from $35 at Jefferies

Jefferies lowered the firm’s price target on Klaviyo (KVYO) to $29 from $35 but keeps a Buy rating on the shares. The company’s Q4 revenue growth was better than expected, and while no AI debates were settled over the long term, the commentary on the value that Klaviyo is creating was “encouraging”, the analyst tells investors in a research note.