Wells Fargo raised the firm’s price target on Klaviyo (KVYO) to $48 from $41 and keeps an Equal Weight rating on the shares. The firm notes partner feedback and macro data trended favorably in Q4, but with Klaviyo up 42% since before its last print, and FY25 preliminarily guided with no changes expected, Wells believes positive sentiment is fully baked and Q4 is unlikely to be a significant catalyst.
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