Canaccord lowered the firm’s price target on Klaviyo (KVYO) to $45 from $50 and keeps a Buy rating on the shares. The firm said they reported strong, upside Q1 results, and the firm’s full-year guide moved higher largely in line with its Q1 beat and modest Q2 raise. Canaccord said Klaviyo is growing quickly at scale, they’re doing so profitably, and they’re providing a differentiated customer experience and high ROI for its segment of the market.
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