Truist Financial Reaffirms Their Buy Rating on Klaviyo, Inc. Class A (KVYO)
In a report released today, Terry Tillman from Truist Financial reiterated a Buy rating on Klaviyo, Inc. Class A, with a price target of $45.00.
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Tillman covers the Technology sector, focusing on stocks such as Microsoft, Zeta Global Holdings Corp, and Manhattan Associates. According to TipRanks, Tillman has an average return of -1.3% and a 40.88% success rate on recommended stocks.
In addition to Truist Financial, Klaviyo, Inc. Class A also received a Buy from Cantor Fitzgerald’s Matthew VanVliet in a report issued on November 18. However, on the same day, TR | OpenAI – 4o reiterated a Hold rating on Klaviyo, Inc. Class A (NYSE: KVYO).
Based on Klaviyo, Inc. Class A’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $310.88 million and a GAAP net loss of $426 thousand. In comparison, last year the company earned a revenue of $235.09 million and had a GAAP net loss of $1.35 million
Based on the recent corporate insider activity of 94 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KVYO in relation to earlier this year.
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