TD Cowen Reiterates Buy Rating on Klaviyo Inc (KVYO)

TD Cowen analyst Derrick Wood reiterated a Buy rating and $34.00 price target on Klaviyo Inc (NYSE: KVYO).

The analyst commented, "Ahead of KVYO's 2Q earnings after the close today, we are flagging 2 positive read-throughs from SHOP & TWLO earnings. This morning, SHOP beat growth expectations & shares are up 23%. Last week, TWLO cited accelerated growth in e-mail send volumes in the eComm vertical. Overall, despite a mixed software spending env't, we remain bullish on KVYO heading into the print. Reiterate Buy & Top Pick."

For an analyst ratings summary and ratings history on Klaviyo Inc click here. For more ratings news on Klaviyo Inc click here.

Shares of Klaviyo Inc closed at $22.17 yesterday.

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