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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KVYO:
- Adobe reports Q2 beat, Meta invests in Scale AI: Morning Buzz
- Klaviyo upgraded to Overweight from Equal Weight at Wells Fargo
- Klaviyo, Inc. Stockholders Approve Key Governance Proposals
- Cantor Says These 2 SaaS Stocks Are Top Picks as AI Rewrites the Software Playbook
- Klaviyo assumed with an Overweight at Cantor Fitzgerald