Klaviyo, Inc. Class A ( (KVYO) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Klaviyo, Inc. Class A shares have been under pressure as multiple analysts, including Piper Sandler, Barclays, Morgan Stanley, Truist, and Mizuho, have lowered their price targets. This wave of downgrades is driven by several factors: mounting growth challenges in the cloud applications and analytics sector, difficulties in AI adoption, and waning investor confidence due to slowing industry growth. Barclays also highlighted that the upcoming Q1 earnings are unlikely to provide a strong boost to the stock, as expectations are tempered with weaker channel checks. Analysts are now turning their attention to future guidance, given that Q1 is usually a smaller quarter and significant changes in management outlook are not anticipated until Q2.
More about Klaviyo, Inc. Class A
YTD Price Performance: -41.28%
Average Trading Volume: 1,695,642
Technical Sentiment Signal: Buy
Current Market Cap: $6.68B
For further insights into KVYO stock on TipRanks’ Stock Analysis page.
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