William Blair analyst Arjun Bhatia has reiterated their bullish stance on KVYO stock, giving a Buy rating today.
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Arjun Bhatia has given his Buy rating due to a combination of factors that reflect Klaviyo, Inc.’s strong performance and promising future prospects. The company posted an impressive fourth-quarter revenue growth of 34%, surpassing expectations, and has set a full-year growth forecast that is higher than market predictions. Key growth drivers, such as upmarket expansion, international growth, and new customer acquisition, have been effectively contributing to these results, supported by a robust holiday season.
Furthermore, Klaviyo is experiencing stabilization in the external environment, coupled with improved sentiment among small and midsize businesses, which could lead to potential upward revisions in future estimates. The company’s international investments are yielding significant returns, notably in the EMEA region, and product innovations are expected to enhance its market position further. Despite some concerns about pricing adjustments, Bhatia believes these will not significantly affect 2025 revenue and views the current market setup as an opportunity for continued growth. This outlook, along with Klaviyo’s strategic initiatives and financial stability, underpins the Buy recommendation.
Bhatia covers the Technology sector, focusing on stocks such as Braze, Salesforce, and GoDaddy. According to TipRanks, Bhatia has an average return of 13.9% and a 56.23% success rate on recommended stocks.
In another report released today, Barclays also maintained a Buy rating on the stock with a $51.00 price target.