Klaviyo Inc (KVYO) PT Raised to $55 at Piper Sandler on Higher Estimates

Piper Sandler analyst Brent Bracelin raised the price target on Klaviyo Inc (NYSE: KVYO) to $55.00 (from $40.00) while maintaining a Overweight rating.

The analyst commented: "Strong Q2 results should calm investor fears on macro and tariff uncertainty. Despite this backdrop, international growth remained robust at 42% y/y with overall growth of 32% y/y contributing to the largest beat since the 2023 IPO. Two major takeaways stood out. First, the 176K+ customer base has been more resilient and in some cases, spends more on this revenue-generating platform during tough times. ARPC growth for $50K+ customers accelerated to 14% y/y (vs. 10% prior). Second, the real-time database with first-party retail customer data gives KVYO a competitive AI-ready platform advantage, in our view. We raise 2026 growth estimates to 22% (vs. 18% prior) on increasing confidence in multiproduct cross-sell potential that could reaccelerate growth in the 2H26 and into 2027. We increase our PT to $55 from $40 on higher estimates. Reiterate Overweight."

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