Benchmark raised the firm’s price target on Klaviyo (KVYO) to $54 from $51 and keeps a Buy rating on the shares. There “was a lot to like” about Klaviyo’s Q4 report, the analyst tells investors. Consistent with management’s prior outlook, go-to-market and new product initiatives will cap FY25 operating leverage, but the firm believes Q4 of FY25 could “deliver a leverage surprise” and it sees substantial leverage potential in FY26.
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Read More on KVYO:
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- Klaviyo, Inc.: Strong Q4 Performance and Strategic Initiatives Drive Buy Rating
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