KeyBanc lowered the firm’s price target on Klaviyo (KVYO) to $35 from $40 and keeps an Overweight rating on the shares. The firm notes the company reported a true beat and raise to start the year, but in both cases things were pretty slim relative to what it is used to. Couple this with the CFO stepping down later in the year, and KeyBanc sees a reversal of the gains the stock has seen over the last week.
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