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Analysts Offer Insights on Technology Companies: Ribbon Communications (RBBN) and Klaviyo, Inc. Class A (KVYO)

Tipranks - Thu Feb 12, 8:34AM CST

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Ribbon Communications (RBBNResearch Report) and Klaviyo, Inc. Class A (KVYOResearch Report) with bullish sentiments.

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Ribbon Communications (RBBN)

Craig-Hallum analyst Christian Schwab maintained a Buy rating on Ribbon Communications today and set a price target of $3.00. The company’s shares closed last Tuesday at $2.03.

According to TipRanks.com, Schwab is a 5-star analyst with an average return of 21.2% and a 61.6% success rate. Schwab covers the Technology sector, focusing on stocks such as Ultra Clean Holdings, Applied Materials, and Aehr Test Systems. ;'>

Ribbon Communications has an analyst consensus of Strong Buy, with a price target consensus of $3.58, which is a 79.0% upside from current levels. In a report issued on February 6, Rosenblatt Securities also maintained a Buy rating on the stock with a $4.00 price target.

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Klaviyo, Inc. Class A (KVYO)

Piper Sandler analyst Billy Fitzsimmons maintained a Buy rating on Klaviyo, Inc. Class A today and set a price target of $30.00. The company’s shares closed last Tuesday at $21.12.

According to TipRanks.com, Fitzsimmons is a 1-star analyst with an average return of -6.4% and a 15.4% success rate. Fitzsimmons covers the Technology sector, focusing on stocks such as ServiceTitan, Inc. Class A, Onestream, Inc. Class A, and ZoomInfo Technologies. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Klaviyo, Inc. Class A with a $34.06 average price target, a 71.4% upside from current levels. In a report issued on February 6, Canaccord Genuity also maintained a Buy rating on the stock with a $26.88 price target.

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