- Klaviyo's shares surged 10% in premarket trading following robust Q1 results.
- Needham maintains a Buy rating with a $45 price target amidst strategic growth.
- Piper Sandler raises its price target to $40, highlighting solid execution and ARPC growth.
Klaviyo (NYSE: KVYO) is gaining investor attention as its shares soared approximately 10% in premarket trading. This uptick follows the company's impressive first-quarter performance and a promising future outlook. Despite adjusting its price target to $45, Needham has retained a Buy rating, citing the company's successful upmarket strategies and international growth. Meanwhile, Piper Sandler has increased its price target to $40, attributing the rise to robust execution and growth in Average Revenue Per Customer (ARPC).
Wall Street Analysts Forecast
The one-year price projections from 22 prominent analysts suggest an average target price for Klaviyo Inc (KVYO) at $43.67. The range spans from a high estimate of $60.00 to a low of $32.00. This average target represents a potential upside of 34.21% from the current trading price of $32.54. Investors can explore further estimate details on the Klaviyo Inc Forecast page.
According to a consensus evaluation from 23 brokerage firms, Klaviyo Inc holds an average brokerage recommendation of 2.0, classifying it under the "Outperform" category. This rating uses a scale from 1 to 5, where 1 is a Strong Buy and 5 is a Sell, providing a straightforward gauge of analyst sentiment toward the stock.
