Barclays analyst Raimo Lenschow maintains $Klaviyo (KVYO.US)$ with a buy rating, and adjusts the target price from $32 to $41.
According to TipRanks data, the analyst has a success rate of 48.3% and a total average return of 0.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Klaviyo (KVYO.US)$'s main analysts recently are as follows:
Analyst sentiment suggests a cautious approach to the software sector for the Q3 earnings season based on supplier checks that indicate a downward trend. The general market conditions seem favorable for Dynatrace, anticipating a strong quarter, while observations suggest a potential softness for Microsoft, which might already be reflected in its current valuation. The outlook for DoubleVerify appears constrained, with limited potential for positive surprises.
Expectations for a robust quarter for Klaviyo are in part due to its international expansion and progress in attracting larger clients. Proprietary survey work indicates sustained momentum, especially in collaboration with Shopify and in global markets.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
