Benchmark raised the firm’s price target on Klaviyo (KVYO) to $44 from $43 and keeps a Buy rating on the shares. Klaviyo’s Q1 results and outlook showed stabilization across its customer segments, the analyst tells investors. Taking into account the fact that the high-end of its Q2 revenue guidance is flat with the $680M reported in Q1, the firm believes FY25 revenue guidance is “quite conservative,” the analyst added.
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