Piper Sandler lowered the firm’s price target on Klaviyo (KVYO) to $45 from $50 on lower estimates, while keeping an Overweight rating on the shares. The firm notes Q3 results demonstrated the resilience of the Klaviyo model, underpinned by total revenue growth of 32% year-over-year, 7,000 net new customer adds, a record 272 $50K-plus net adds, and 43% year-over-year international revenue growth.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KVYO:
- Klaviyo price target raised to $40 from $39 at Baird
- Klaviyo, Inc. Receives Buy Rating from Scott Berg: Strong Performance, AI Innovation, and Global Expansion Drive Growth Potential
- Klaviyo’s Strong Revenue Growth and Strategic AI Advancements Earn ‘Buy’ Rating from Analyst Arjun Bhatia
- Klaviyo, Inc.: Strong Growth Prospects and Undervalued Stock Present a Compelling Buy Opportunity
- Klaviyo Reports Strong Q3 Growth and Raises Guidance