Klaviyo price target raised to $46 from $44 at Benchmark

Benchmark raised the firm’s price target on Klaviyo (KVYO) to $46 from $44 and keeps a Buy rating on the shares. While Q2 revenue beat the high-end of guidance by 5%, FY25 guidance was only raised 2%, largely reflecting email profile enforcement that moderated some of the typical seasonal strength of Q4, but this dynamic will not carry into FY26, the analyst tells investors in a post-earnings note.