William Blair analyst Arjun Bhatia has reiterated their bullish stance on KVYO stock, giving a Buy rating today.
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Arjun Bhatia has given his Buy rating due to a combination of factors including Klaviyo’s impressive revenue growth and strategic advancements in AI. The company reported a 32% increase in revenue, surpassing its own guidance and demonstrating strong performance across its growth drivers. This robust growth has led Klaviyo to raise its outlook for the fourth quarter and provide a promising initial forecast for 2026.
Furthermore, Klaviyo’s investment in AI, with the launch of its Customer Agent and Marketing Agent, is expected to enhance its service offerings and drive future growth. The company’s stock is trading at a valuation that is considered attractive compared to its fast-growing peers, making it a compelling investment opportunity. Bhatia views Klaviyo as a leader in its field with a strong competitive position, poised to benefit from ongoing market trends towards data-driven customer engagement.
In another report released today, TD Cowen also reiterated a Buy rating on the stock with a $46.00 price target.
Based on the recent corporate insider activity of 92 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KVYO in relation to earlier this year.