Klaviyo price target raised to $32 from $29 at Barclays

Barclays raised the firm’s price target on Klaviyo to $32 from $29 and keeps an Overweight rating on the shares post the Q2 report. The firm sees the quarter as a strong statement for Klaviyo, saying its continued best-in-class growth helps to make the case that Klaviyo is a compelling Smid software-as-a-service story. The analyst thinks the shares will move higher post the print.