Klaviyo Announces Fourth Quarter and Fiscal Year 2023 Financial Results

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Klaviyo Inc (KVYO) PT Raised to $38 at Goldman Sachs, 'Debate likely to shift from email changes to drivers of 2024 upside'

February 28, 2024 3:29 AM EST

Goldman Sachs analyst Gabriela Borges raised the price target on Klaviyo Inc (NYSE: KVYO) to $38.00 (from $36.00) while maintaining a Buy rating.

The analyst comments "Klaviyo reported a solid 4Q23: revenue was 3% above the Street and EBIT margin was in-line (FactSet). 1Q revenue guidance is 1% above the Street, and 2024 revenue/EBIT guidance is 1%/8% above. In the last two... More