TD Cowen Reiterates Buy Rating on Klaviyo Inc (KVYO)

TD Cowen analyst Derrick Wood reiterated a Buy rating and $34.00 price target on Klaviyo Inc (NYSE: KVYO).

The analyst comments "KVYO has shown durable growth execution through this macro, but investor sentiment does not reflect its position as a leading MarTech vendor capitalizing on greenfield, vendor consolidation & upmarket growth levers. KVYO is 1 of 3 software co's forecast to grow 30%+ this year yet its valuation at ~5x EV/CY25E Sales is the lowest of its peer group, which we think presents an attractive risk/reward."

For an analyst ratings summary and ratings history on Klaviyo Inc click here. For more ratings news on Klaviyo Inc click here.

Shares of Klaviyo Inc closed at $22.53 yesterday.

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