Klaviyo Inc (KVYO) PT Lowered to $35 at Truist Securities

Truist Securities analyst Terry Tillman lowered the price target on Klaviyo Inc (NYSE: KVYO) to $35.00 (from $45.00) while maintaining a Buy rating.

The analyst commented: "Enterprise Strength, AI Product Traction, Defensible Data & Infrastructure Moats; Klaviyo delivered a strong 4Q highlighted by accelerating enterprise traction, record $50k+ ARR customer adds, & growing multi-product adoption. We believe early traction in Service & AI-powered Marketing & Customer agents support incremental upside as autonomous engagement scales. Importantly, the platform’s defensibility stems from data scale & purpose-built infrastructure, creating a durable moat vs. AI disruption, in our opinion. Mgmt. raised & de-risked its FY26 guide, which we believe reinforces confidence in the core biz, sustained growth and margin expansion. Reiterate Buy & but lower PT to $35 (from $45) based on notable sector-level valuation compression."

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