Klaviyo Inc (KVYO) PT Raised to $54 at Stifel

Stifel analyst Parker Lane raised the price target on Klaviyo Inc (NYSE: KVYO) to $54.00 (from $45.00) while maintaining a Buy rating.

The analyst commented, "Klaviyo delivered its largest revenue beat of the year, fueled by an inflection in net customer adds, stabilization of in-period NRR, and acceleration of EMEA revenue growth, and on the back of the strong quarter management offered a 1Q/2025 top-line outlook that exceeded expectations. The company attributed to the beat to factors like a strong holiday season, pricing changes made earlier in the year, SMS attach, and upmarket/ international traction as core upside drivers in 4Q. Incremental investments in new products and verticals, as well as moving parts related to the implementation of a cash bonus program, weighed on the profit expectations for 2025. The company will be holding a livestreamed event "Built for B2C" on Thursday at 4 PM ET, which we believe could provide further context around 2025 investment priorities and future product roadmap."

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