Klaviyo price target raised to $35 from $31 at Scotiabank

Scotiabank analyst Nick Altmann raised the firm’s price target on Klaviyo (KVYO) to $35 from $31 and keeps a Sector Perform rating on the shares. The firm continues to believe Klaviyo’s growth profile is one of the strongest in software, the analyst tells investors. Additionally, success with its new vision of being the business-to-consumer customer relationship management platform could formulate a more durable mid-term growth profile and provide another “hook” for investors, the firm adds.