Many fund managers view Klaviyo stock price momentum as part of a larger rally in cloud-service providers. Technical charts display steady RSI levels, hinting at sustainable trend strength. Klaviyo, Inc. (KVYO) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company. KVYO has been the topic of several analyst reports. Needham & Company LLC reissued a "buy" rating and set a $45.00 price objective on shares of Klaviyo in a research note on Friday, September 26th. Morgan Stanley raised Klaviyo from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $40.00 to $50.00 in a research note on Friday, September 19th. Macquarie reissued a "neutral" rating and set a $37.00 price objective on shares of Klaviyo in a research note on Wednesday, August 6th. Benchmark boosted their price objective on Klaviyo from $44.00 to $46.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Finally, Citigroup raised Klaviyo from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $40.00 to $50.00 in a research note on Thursday, August 7th. Nineteen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $44.30. Institutional investors have increased exposure to Klaviyo stock price this quarter, betting on the continued expansion of subscription-based martech solutions. Portfolio managers note robust competitive positioning.
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