Klaviyo price target raised to $43 from $41 at Barclays

Barclays raised the firm’s price target on Klaviyo (KVYO) to $43 from $41 and keeps an Overweight rating on the shares. The company’s Q3 results included another strong quarter, with industry leading growth, but also with some short-term headwinds from a new bonus program and conservative fiscal 2025 growth comments, the analyst tells investors in a research note. The firm believes investors should continue to look at the “unchanged long-term investment case.”