Klaviyo Inc (KVYO) PT Raised to $42 at Baird

Baird analyst Rob Oliver raised the price target on Klaviyo Inc (NYSE: KVYO) to $42.00 (from $35.00) while maintaining a Outperform rating.

The analyst commented: "We remain bullish on KVYO ahead of Q3 earnings. We expect a solid quarter driven in part by international and upmarket moves. Baird proprietary survey work (Analyst Colin Sebastian) suggests continued strength, particularly with Shopify and international. We have been encouraged by the surge in shares since the company's strong Q3 and by the concomitant uptick in investor interest. We are raising our price target to $42. We will have management on the road to meet investors following Q3 earnings."

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