Piper Sandler raised the firm’s price target on Klaviyo (KVYO) to $40 from $35 and keeps an Overweight rating on the shares. The firm says solid execution impressed Piper once again, with the continuation of new product cross-sell and increasing mid-market customer mix, contributing to ARPC expansion that drove Q1 upside on 33% year-over-year growth.
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Read More on KVYO:
- Klaviyo, Inc.: Strong Performance and Growth Potential Justify Buy Rating
- Klaviyo price target lowered to $45 from $50 at Canaccord
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- Klaviyo price target raised to $38 from $35 at Barclays
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