Klaviyo price target raised to $42 from $35 at Baird

Baird analyst Rob Oliver raised the firm’s price target on Klaviyo (KVYO) to $42 from $35 and keeps an Outperform rating on the shares. The firm expects a solid quarter driven in part by international and upmarket moves. Baird’s proprietary survey work suggests continued strength, particularly with Shopify (SHOP) and international.