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Klaviyo price target lowered to $40 from $45 at Stifel

Stifel analyst J. Parker Lane lowered the firm’s price target on Klaviyo (KVYO) to $40 from $45 and keeps a Buy rating on the shares. Klaviyo is well-positioned to deliver upside on both the top and bottom-lines, and an updated outlook for the year that calls for growth in the high-20s, the analyst tells investors in a research note.

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