Klaviyo price target lowered to $43 from $45 at Stephens

Stephens lowered the firm’s price target on Klaviyo (KVYO) to $43 from $45 and keeps an Overweight rating on the shares after the company’s investor day meeting. Following the event, the firm describes itself as “incremental buyers” as it believes the stock is down mostly because Klaviyo didn’t provide long-term or FY28 revenue guidance yesterday. However, the firm still sees Klaviyo surpassing the Street’s FY25-FY28 compound annual revenue growth forecast of 19% and achieving closer to the firm’s own forecast of 23%, the analyst tells investors.