Goldman Sachs Downgrades Klaviyo Inc (KVYO) to Neutral
Goldman Sachs analyst Callie Valenti downgraded Klaviyo Inc (NYSE: KVYO) from Buy to Neutral, PT $20.00.
The analyst comments "We remain positive on Klaviyo's long-term opportunity, but see less visibility into the timing and magnitude of newer growth drivers. Agent adoption has been encouraging and enterprise, international, new verticals, additional channels, and broader product adoption provide multiple paths to stabilize growth. However, our industry conversations suggest that SMBs are more likely to experiment with AI or prioritize horizontal tools before adding new application spend, which could lengthen the monetization ramp for agents, Service, and other newer products. We model 2027 revenue and EBIT 1% and 4% below consensus, respectively."
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Shares of Klaviyo Inc closed at $18.09 yesterday.