Klaviyo, Inc. Class A, the Technology sector company, was revisited by a Wall Street analyst today. Analyst David Hynes from Canaccord Genuity maintained a Buy rating on the stock and has a $45.00 price target.
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David Hynes has given his Buy rating due to a combination of factors that highlight Klaviyo, Inc.’s promising growth prospects. The company’s recent event, K:BOS 2025, showcased its innovative AI-driven Marketing Agent, which complements its existing suite of products, thereby expanding its total addressable market and cross-sell opportunities. Klaviyo’s vision of creating autonomous software that enhances business outcomes, supported by a robust partner ecosystem, positions it well for future growth.
Despite some concerns about the lack of intermediate-term growth outlook disclosures, Klaviyo’s management emphasized the durability of its core growth initiatives, including multi-product and international expansion. The company’s expected operating margins and low dilution rates by 2028, alongside a significant revenue uplift potential from cross-selling, further support the positive outlook. These factors, combined with Klaviyo’s adherence to Rule of 40 operating metrics, suggest a strong growth trajectory, justifying the Buy rating.
According to TipRanks, Hynes is an analyst with an average return of -3.9% and a 43.37% success rate. Hynes covers the Technology sector, focusing on stocks such as Workday, ServiceNow, and HubSpot.
In another report released today, Morgan Stanley also reiterated a Buy rating on the stock with a $50.00 price target.