Baird analyst Colin Sebastian initiates coverage on $Klaviyo (KVYO.US)$ with a buy rating, and sets the target price at $42.
According to TipRanks data, the analyst has a success rate of 57.8% and a total average return of 14.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Klaviyo (KVYO.US)$'s main analysts recently are as follows:
In preparation for the software sector's Q3 earnings, checks with suppliers have indicated a downward trend, tempering enthusiasm for the upcoming financial disclosures. The situation presents an opportunity for some, with expectations of outperforming results and upward revisions in forecasts for specific companies, while observations of weaker performance in others suggest that the market may have already accounted for this in their current valuations, potentially limiting any surprises to the upside.
The firm anticipates a robust quarter for Klaviyo, which is partly fueled by the company's international expansion and progression into the upmarket sector. Proprietary survey work indicates ongoing robustness, especially in relation to Shopify and international operations.
Note:
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