Piper Sandler raised the firm’s price target on Klaviyo (KVYO) to $55 from $40 and keeps an Overweight rating on the shares. The firm notes strong Q2 results should calm investor fears on macro and tariff uncertainty. Despite this backdrop, international growth remained robust at 42% year-over-year with overall growth of 32% year-over-year contributing to the largest beat since the 2023 IPO.
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