Klaviyo price target raised to $54 from $45 at Stifel

Stifel raised the firm’s price target on Klaviyo (KVYO) to $54 from $45 and keeps a Buy rating on the shares after the company delivered what the firm calls out as “its largest revenue beat of the year.” On the back of the strong quarter, management offered a Q1 top-line outlook that exceeded expectations, notes the analyst.