Mizuho Securities Reaffirms Their Buy Rating on Klaviyo, Inc. Class A (KVYO)

Mizuho Securities analyst Siti Panigrahi maintained a Buy rating on Klaviyo, Inc. Class A on December 16 and set a price target of $45.00. The company’s shares closed yesterday at $29.42.

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According to TipRanks, Panigrahi is an analyst with an average return of -0.3% and a 47.47% success rate. Panigrahi covers the Technology sector, focusing on stocks such as Intuit, Oracle, and Synopsys.

Currently, the analyst consensus on Klaviyo, Inc. Class A is a Strong Buy with an average price target of $42.50, a 44.46% upside from current levels. In a report released yesterday, BTIG also initiated coverage with a Buy rating on the stock with a $40.00 price target.

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