Reported about 7 hours ago
Wells Fargo has upgraded Klaviyo, Inc. (NYSE:KVYO) from ‘Equal Weight’ to ‘Overweight’ and increased its price target from $32 to $40, citing improvements in the company’s concerns and strong growth. Klaviyo has seen a stable growth rate of 45% over the past four quarters and an increase in annual recurring revenue customers by 40% year-over-year. The firm is optimistic about Klaviyo’s strategic focus on international expansion and enhancing its competitive edge in the e-commerce sector, positioning it for sustainable growth.
Source: YAHOO