Klaviyo price target raised to $51 from $40 at Benchmark

Benchmark analyst Mark Zgutowicz raised the firm’s price target on Klaviyo (KVYO) to $51 from $40 and keeps a Buy rating on the shares ahead of the company reporting Q4 earnings later today. Following last quarter’s “disappointing” roughly flat adjusted operating income margin outlook for FY25, the firm is looking for tangible signs of up-market progression and subsequent visibility into long-term operating leverage potential, adding that it remains “bullish” on Klaviyo’s leverage prospects in FY26.