Klaviyo price target raised to $35 from $30 at Scotiabank

Scotiabank analyst Nick Altmann raised the firm’s price target on Klaviyo (KVYO) to $35 from $30 and keeps a Sector Perform rating on the shares. While the company reported a “solid” revenue beat and raise quarter with minimal growth deceleration, expectations for softer growth in FY25 and continued pressure on net revenue retention in Q4 were points of issue, the analyst tells investors.