Klaviyo price target lowered to $31 from $45 at Scotiabank

Scotiabank lowered the firm’s price target on Klaviyo (KVYO) to $31 from $45 and keeps a Sector Perform rating on the shares. The firm is updating its price targets on stocks in the U.S. Software system in conjunction with the recent pull-back in the sector, the analyst tells investors. All eyes will be on tariff impacts, but these impacts are expected to surface in Q2 and 2H, the firm adds.