KeyBanc raised the firm’s price target on Klaviyo (KVYO) to $55 from $45 and keeps an Overweight rating on the shares. The firm says that a strong end of the year should beget another strong year in 2025 with the key fundamental driver being strength in the enterprise and a stabilization in the lower end. The quarter got a little extra help from some of the contracting changes that went into effect last April, but most of the mid-single-digit benefit was baked into guidance as it was, KeyBanc adds.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KVYO:
- Klaviyo price target raised to $53 from $50 at Piper Sandler
- Klaviyo’s Strong Performance and Growth Prospects Justify Buy Rating
- Klaviyo, Inc.: Strong Q4 Performance and Strategic Initiatives Drive Buy Rating
- Klaviyo price target raised to $50 from $40 at Canaccord
- Klaviyo, Inc.: Strong Q4 Performance and Promising Growth Prospects Drive Buy Rating