Klaviyo Inc (KVYO) PT Raised to $55 at TD Cowen Following 'Biggest Beat Since IPO'

TD Cowen analyst Derrick Wood raised the price target on Klaviyo Inc (NYSE: KVYO) to $55.00 (from $52.00) while maintaining a Buy rating.

The analyst commented: "Biggest Beat Since IPO; Growth Execution Is Humming, Improving SMB Demand; KVYO posted a strong 4Q w/ growth of 34%, above Street at 28%, its biggest beat since IPO. Mgmt sees signs of SMB stabilization, and SMS cross-sell is trending well. FY25 rev guide above Street, w/ some new pricing benefits. KVYO continues to execute on key drivers (SMS, int'l, up-market), and we see beat & raise momentum continuing in FY25. Shares up 100% in 6 months, reiterate Buy. PT to $55."

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