Reported 1 day ago
TD Cowen has reaffirmed a Buy rating for Klaviyo, Inc. (NYSE:KVYO) with an unchanged price target of $45. The analyst, Derrick Wood, attributes this positive outlook to the company's impressive 33% year-over-year growth in Q1 and a stable net revenue retention rate of 108%. Klaviyo is evolving from traditional email and SMS marketing to a broader B2C CRM platform, which, along with its competitive pricing and robust revenue growth, positions it favorably among peers.
Source: YAHOO